EPF Reaffirms Commitment to Good Governance and Strategic Investment in MAHB
KWASA DAMANSARA, 15 January 2025: The Employees Provident Fund (EPF) has been a shareholder of Malaysia Airports Holdings Berhad (MAHB) since 30 November 1999, when the company was listed on the Main Market of Bursa Malaysia at a price of RM2.50 per share. For 24 years, the EPF has managed its investments in MAHB based on a well-defined framework and a careful buy and sell strategy to ensure optimal returns for EPF members.
Every investment decision, including trading activities involving MAHB shares, is guided by thorough analysis to deliver value for EPF members. These trading activities support the EPF’s broader investment goals and for purposes of realising income, which is necessary for the payment of dividend during a financial year. The recent decision to make a voluntary general offer for MAHB shares at RM11 per share as part of a consortium reflects a separate, long-term strategic plan aimed at achieving sustainable growth and returns.
As an institution committed to good governance, the EPF also implements a Chinese Wall policy to ensure that its fund managers do not have access to any important non-public information such as acquisition offers that may occur. This policy serves as an information barrier between different departments within the EPF, preventing the disclosure of material non-public information and maintaining the integrity of its market activities.
The EPF, similar to many large institutional investors with Chinese Wall policies, separates teams that handle strategic partnerships or deal with confidential transactions, while a separate team manages investments in public equities. The EPF’s Chinese Wall policy stipulates having a strict boundary between teams that have access to material non-public information and teams that deal in the public markets. This ensures that decisions made by fund managers are based solely on publicly available information, avoiding any unfair advantage or insider trading. This safeguards the integrity of EPF’s operations and maintains trust in its governance practices.
Issued by Editorial and Media Relations Unit
EPF Corporate Affairs Department
15 January 2025
About the Employees Provident Fund® (EPF®)
The Employees Provident Fund® (EPF®) is Malaysia’s premier retirement savings fund, helping its members achieve adequate savings for a comfortable retirement. This is in line with EPF’s vision to help members achieve a better future and its mission to safeguard members’ savings and deliver excellent services. The EPF has evolved significantly from a transaction-centric to a professional fund management organisation with a strong focus on retirement security. The EPF is guided by a robust and professional governance framework when making investment decisions. It continues to play a catalytic role in the nation’s economic growth and seeks to cultivate a savings and investment culture among its members to improve the country’s financial literacy level.