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UG Healthcare soars 7% after Malaysia EPF Board raises stake

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Published Mon, Oct 5, 2020 · 09:50 PM
Heavy trading

Singapore

SHARES of Malaysian glove manufacturer UG Healthcare Corporation jumped on Monday on active trading, following news that the Employees Provident Fund (EPF) Board of Malaysia had become a substantial shareholder with a direct interest of 5.29 per cent, up from its previous 4.99 per cent stake.

The stock began the day at S$0.96 before reaching an intra-day high of S$1.04 at 1.16pm. It finished Monday at S$1, up 7 per cent.

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