KWAP sells 4.8m Time dotCom shares
KUALA LUMPUR: Kumpulan Wang Persaraan (KWAP) disposed of 4.81 million shares of Time dotCom Bhd on Dec 29 and 30 in the open market when the share price rallied following fresh corporate developments including its tie-up with DiGi.com Bhd and Astro. A filing with Bursa Malaysia showed KWAP sold two million Time dotCom shares on Dec 29, 2010 and 2.81 million shares the next day. The share price closed at 75.5 sen amd 77 sen. The disposals reduced KWAP’s shareholding to 7.62% or 192.83 million shares. In December, DiGi.com Bhd had entered into a wavelength purchase agreement and maintenance an...