Stake changes: AEM and Malaysia’s EPF

Malaysia 10-ringgit noteMalaysia 10-ringgit note

Malaysia’s Employees Provident Fund Board (EPF) became a substantial shareholder of Temasek-backed AEM Holdings after the acquisition of 550,000 shares in the market for S$2.42 million on 9 June, according to a filing to SGX Monday.

That brought EPF’s deemed interest in AEM to 5.047 percent from 4.869 percent previously, the filing said. After the transaction, EPF is deemed interested in 15.60 million AEM shares registered under Standard Chartered Bank (Singapore), the filing said.

Employees’ Provident Fund Board is a Malaysian statutory body under the Ministry of Finance; it manages the compulsory retirement savings for Malaysia’s private sector workers.

AEM’s products include customized, application-specific semiconductor and electronics test and handling services for companies serving the advanced computing, 5G, and AI markets, the statement said. The company’s manufacturing plants are located Singapore, Malaysia, Indonesia, China, Finland and Vietnam.