MALAYSIA PRESS-ValueCap to start share buying 'spree' in Nov

October 7, 2015 12:44 AM

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State-owned Malaysian investor ValueCap Sdn Bhd is expected to start a spree of mopping up underperforming stocks on the local bourse in November, The Malaysian Reserve reported, citing Retirement Fund Inc (KWAP) Chief Executive Wan Kamaruzaman Wan Ahmad.

KWAP is one of the three shareholders of ValueCap, into which the Malaysian government will inject 20 billion ringgit ($4.61 billion) to shore up the market.

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