Smallcap World Fund Inc has emerged as a substantial shareholder in oil and gas counter KNM Group Bhd, after accumulating 225.7 million shares or 5.7% equity in the company.
Capital Research and Management Co, a company founded by the late investor Jonathan Bell Lovelace, manages the Smallcap World Fund. Smallcap has stakes in other companies such as IJM Corp Bhd and DiGi.Com Bhd, albeit small, non-substantial stakes.
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