Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.
1. Prime Minister Tan Sri Muhyiddin Yassin today unveiled PEMERKASA, a new RM20 billion stimulus package to help aid economic recovery.
2. Malayan Banking Bhd said that capital and liquidity conservation will remain the group’s utmost priority in these uncertain times.
3. Pharmaniaga Bhd saw its losses narrow in 4QFY20 despite reduced demand.
4. Norway’s Government Pension Fund Global, the world’s largest sovereign wealth fund, revealed what Malaysian companies it had invested in.
5. Top Glove Corp Bhd has claimed trial against charges of failure to provide Labour Department-certified accommodations.
KUALA LUMPUR (March 17): Norway’s Government Pension Fund Global, the world’s largest sovereign wealth fund with a market value of about NOK11.08 trillion (RM5.48 trillion) had invested in 145 Malaysia-listed companies including Genting Malaysia Bhd, MR DIY Group (M) Bhd and Top Glove Corp Bhd as at Dec 31, 2020, according to latest updates by the Norwegian central bank’s asset management unit.
Norges Bank Investment Management is the asset management unit of Norwegian central bank Norges Bank, which has been tasked to manage the Government Pension Fund Global, often referred to as Norway’s oil fund, Norges Bank Investment Management said on its website.
Norway SWF and CalPERS Vote in Favor to Probe Toshiba
Posted on 03/15/2021
California Public Employees’ Retirement System (CalPERS) and Norges Bank Investment Management (NBIM), which oversees Norway Government Pension Fund Global, voted in favor of a proposal pushed by Singapore-based Effissimo Capital Management. The proposal is for an independent probe into the Japanese conglomerate Toshiba Corporation. Effissimo Capital Management holds a 9.9% stake in Toshiba and remains its largest shareholder. CalPERS owns around 0.45% of Toshiba and NBIM has 1.32% ownership.
Effissimo Capital Management wants to look into allegations that shareholders were pressured about how to vote on director nominations ahead of 2020’s annual general meeting.
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Agfa-Gevaert: Publication of a transparency notification (Norges Bank) - Regulated information
Mortsel, Belgium - March 12, 2021 - 5.40 p.m. CET
According to Agfa-Gevaert NV s bylaws, the threshold as from which a shareholding needs to be disclosed, has been set at 3%, 5% and a multiple of 5%.
In conformity with the Law of May 2, 2007 regarding the disclosure of significant shareholdings in listed companies, Agfa-Gevaert (Euronext: AGFB) discloses the following declarations:
Norges Bank has announced on March 11, 2021, that it held a stake in
Agfa-Gevaert as per March 9, 2021 of 4,425,372 voting rights or 2.58% (denominator is 171,851,042), thus remaining under the threshold of 3%. At the same time Norges Bank declared to have 729,358 voting rights or 0.42% on loan. This gives a total of 5,154,730 voting rights or 3.00%.