KINI SNAPSHOT | What’s going on in the news today, with updates at 9am, 2pm, 6pm, and 9pm.
9am
Economy
The Employees Provident Fund (EPF) has become a substantial shareholder in budget retail chain Eco Shop.
In a Bursa Malaysia filing yesterday, Eco Shop stated the fund bought an additional 8.68 million shares, raising its stake in the company to 5.14 percent.
The Edge reported that this makes EPF the second-largest shareholder after founder and managing director Lee Kar Whatt, who holds a 73.81 percent direct and 3.1 percent indirect stake.

