The Employees Provident Fund (EPF) has ceased to be a substantial shareholder in Johor-based SDS Group Bhd (KL:SDS), the operator of a chain of bakeries and cafes, following its latest share disposals.
According to a Bursa Malaysia filing on Monday, the pension fund sold 165,000 shares, representing a 0.03% stake, on March 11. This reduced EPF’s total holding to 27.1 million shares, or 4.988%—just below the 5% threshold required for mandatory disclosure as a substantial shareholder.
EPF first became a substantial shareholder in SDS in September 2025 with a 5.125% stake (27.84 million shares). The fund has gradually trimmed its position as the stock faced downward pressure, with SDS’ share price dropping more than 33% since EPF’s initial disclosure, closing at 48 sen on Monday, down one sen from last Friday, giving the company a market value of RM262.16 million.
Listed on Bursa Malaysia’s ACE Market in October 2019, SDS moved to the Main Market in May 2023. The company has maintained consistent profitability, posting a full-year net profit of RM33.28 million for FY2025, up from RM32.55 million in FY2024.
