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KWSP sells off a number of bank and plantation shares to meet EPF special withdrawal

08/04/2022

KWSP announced that members will be allowed to withdraw up to RM10,000 from their EPF accounts. Members can apply between 1 and 30 April and check the results of their applications from 9 April, with disbursement starting from 20 April.

According to a filing with Bursa Malaysia, the shares that KWSP sold in March included MAYBANK, PBBANK and Sime Darby Plantation (SIMEPLT).

KWSP sold 0.95% of Sime Darby Plantation, 0.21% of PBBANK and 0.18% of MAYBANK. Other large cap stocks sold included IOICORP, KLK, HSPLANT, ABMB, YTL and RHBBANK.

 

 

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