UG Healthcare soars 7% after Malaysia EPF Board raises stake

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.