Eupe Corporation Bhd - Goldman Sachs

Goldman Sachs is in action again :

The Goldman Sachs Group, Inc has emerged as a substantial shareholder in property developer EUPE Corporation Bhd with a 5.72% stake.

A filing with Bursa Malaysia showed that Goldman Sachs acquired 2.2 million EUPE shares on July 11.

The acquisition raised its shareholding to 7.32 million shares.

The Kedah-based company's share price surged to RM1.34 on July 11, riding on the positive outlook for property companies.