Ma Yu Zoom In On MBSB


Tan Sri Chua Ma Yu ups stake in Building Society Bhd (MBSB) to 8.97 per cent from 6.06 per cent through subscription of the company’s .

The Employees Provident Fund (EPF) remains the single-largest shareholder in MBSB, with a 65.1% stake.

Chua, a former stock broker and co-founder of Rashid Hussain Securities, emerged as a substantial shareholder in MBSB in March this year, after acquiring a 6.06 per cent in the company, which was then in the midst of proposing a renounceable two-call rights issue of new shares.

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