SmallCap World Fund sells 2.2m KNM shares (Edge)

KNM GROUP BHD [ ], whose share price had rallied recently, saw substantial shareholder SmallCap World Fund, Inc disposing of 2.2 million KNM shares on July 24.

A filing with Bursa Malaysia on July 28 showed the shares were disposed off at 88 sen apiece.

After the disposal of the shares, the US-based fund's direct shareholding was reduced to 5.84% or 228.95 million shares.