Notable filings
Among the more notable changes in shareholding between Sept 26 and 30 were those at MMAG Holdings Bhd and IHH Healthcare Bhd.
MMAG Holdings, formerly known as Ingenuity Consolidated Bhd, saw the emergence of two new substantial shareholders — its chief financial officer Kenny Khow Chuan Wah and executive director Chong Koon Meng.
According to filings with Bursa Malaysia on Sept 28, the duo have deemed interest in the information and communications technology solutions provider by virtue of their holding in Marina Teguh Sdn Bhd, a private vehicle that acquired 177.56 million shares or 18.62% equity interest in MMAG Holdings for RM10.65 million or six sen per share through off-market transactions and on the open market on Sept 15.
It is worth noting that MMAG Holdings managing director Wong Eng Su is also a shareholder in Marina Teguh.
The company did not disclose the seller of the shares but Firstwide Success Sdn Bhd ceased to be a substantial shareholder in MMAG Holdings after disposing of 172.56 million shares on the same day. According to its annual report, Wong has a deemed interest by virtue of his stake in Firstwide Success.
Over at IHH, Japan’s Mitsui & Co Ltd has trimmed its stake in the healthcare group. On Sept 27, Mitsui sold 164.6 million IHH shares or a 2% stake for RM1.02 billion, reducing its holding to 18.05% or 1.48 billion shares.
Mitsui holds its stake in IHH via subsidiary MBK Healthcare Partners Ltd and is the second largest shareholder after Khazanah Nasional Bhd, which controls 41.12%.
At Century Logistics Holdings Bhd, CJ Korea Express Asia Pte Ltd acquired 120.54 million shares or a 31.44% stake in the logistics company for about RM175 million.
Century Logistics founder Datuk Phua Sin Mo, his wife Datin Lee Lay Hun and his daughter Pamela Phua Jo Lyn as well as Chai Mee Young had entered into a conditional sales and purchase agreement on Sept 8 with CJ Korea Express Asia for the proposed disposal.
Meanwhile, Iris Corp Bhd ceased to be a substantial shareholder in Versatile Creative Bhd after disposing of 12.32 million shares or a 10.5% stake on Sept 20.
According to Versatile Creative’s annual report, Iris Corp held a 29.83% stake via Iris Healthcare Sdn Bhd as at June 30.
Notable movements
BIMB Holdings Bhd has seen a steady climb in its share price since hitting a one-year low of RM3.17 on Feb 3 last year, despite the bearish sentiment for banking stocks. This may be because the market sees a potential for it to benefit from the launch of the Employees Provident Fund’s Simpanan Shariah (SS) scheme next year.
The counter hit a one-year high of RM4.29 last Wednesday. It has risen 10.97% year to date and, compared to its lowest point last year, has risen 35.33%.
Filings reveal that three funds — AmanahRaya Trustees Bhd, the EPF and Lembaga Tabung Haji — bought 18.69 million BIMB shares between Sept 21 and 28. Tabung Haji accounted for the largest portion of 15 million shares.
According to CIMB Research, BIMB is a key beneficiary of the EPF’s SS scheme as it is the only shariah-compliant banking stock.
During the period under review, Pos Malaysia Bhd, whose share price has risen 32.7% year to date, saw the EPF and Kumpulan Wang Persaraan (Diperbadankan) purchase 293,000 shares and 145,900 shares respectively.
Pos Malaysia rose to a one-year high of RM4.01 on Sept 23, from its lowest point of RM2.04 on March 1. The counter closed at RM3.69 last Wednesday.
The group’s net profit jumped 40.06% year on year to RM31.84 million in the first financial quarter ended June 30 due to higher revenue generated in its courier segment. Revenue for the same period rose 6.53% y-o-y to RM415.87 million.
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