KUALA LUMPUR: The Employees Provident Fund (EPF) continues to capitalise on the arbitrage opportunity between the current market price of Lingkaran Trans Kota Holdings Bhd
(Litrak) shares and the RM5.08 a share return on the winding-up plan the company’s board has proposed to undertake.
The retirement fund bought another 99,200 shares in the toll road operator on June 22 to take its share held to 33.1 million shares from about 30.56 million shares it had on April 5, 2022 after the company received the offer to purchase its highway stake from Amanat Lebuhraya Rakyat Bhd (ALR).
The shares traded between a range of RM4.80 and RM4.75 before closing at RM4.75 on June 22. Litrak shares closed up one sen to RM4.78 yesterday, which is at a 30-sen discount or 6.28% to the RM5.08 offer price.
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