Notable filings
ACCORDING to filings with Bursa Malaysia from Jan 23 to 27, among the notable changes in shareholding was that at Destini Bhd. Utarasama Marine Sdn Bhd surfaced as a new substantial shareholder after having bought 19.12 million Destini shares on Nov 2 and 9 last year. Prior to that, it had bought 101 million shares, or a 8.74% stake, in July, but Destini filed the shareholder changes in January.
As at Jan 24, Utarasama held 120.12 million shares, or 10.4% equity interest, in Destini, making it the third largest shareholder.
Over at Dolphin International Bhd, its controlling shareholder Hoh Yeong Cherng sold 1.5 million shares on Jan 23. The latest filing also shows that Hoh trimmed his stake further, selling an additional two million shares on Feb 2. Hoh is left with a direct shareholding of 64.29 million shares, or a 28.74% stake.
Gabungan AQRS Bhd’s substantial shareholder, Lim Ann Kok, sold five million shares, or 1.28% equity interest, through an off-market trade on Jan 25. Lim still has 46.9 million shares, or a 12.02% stake, after the disposal.
Meanwhile, Datuk Tan Say Jim continued his selling spree in Iris Corp Bhd. He sold five million shares between Jan 17 and 20. He still has 59.75 million shares, or 2.65% equity interest, in hand after the disposal.
Graceful Assessment Sdn Bhd sold 18 million shares, or a 1.52% stake, in SKP Resources Bhd through an off-market married deal. Graceful Assessment held 87.46 million shares, or a 7.39% stake, in SKP Resources as at Jan 23.
Seasoned stockbroker Datuk Tiah Thee Kian, better known as Tony Tiah, continued to mop up shares in TA Global Bhd. Tiah, the company chairman, bought 3.68 million shares in the property group from Jan 18 to 23, according to Bursa filings. As at Jan 23, he held 7.77% equity interest in the group. His son, CEO Tiah Joo Kim, owned a 5% stake.
Notable movements
UMW Holdings Bhd’s share price staged a strong rebound after the announcement of its plan to exit the oil and gas sector, which is experiencing turbulent times. The stock surged to its recent high of RM5.81 on Jan 26 from a low of RM4.45 in early January.
The conglomerate, which is controlled by Permodalan Nasional Bhd with a 42.11% stake, intends to distribute its shares in UMW Oil & Gas Holdings Bhd to its shareholders to pave the way for its exit from the sector and to concentrate on its auto manufacturing business.
The Employees Provident Fund (EPF) has been actively trading shares in UMW Holdings. According to Bursa filings dated Jan 23, 25 and 26, the EPF has been a net seller of the stock. The provident fund sold 13.94 million shares between Jan 18 and 23. The EPF is the second largest shareholder in the conglomerate, holding 160.1 million shares, or a 13.7% stake, as at Jan 27.
Hovid Bhd’s share price, which took a nosedive after the revocation of its manufacturing licence after an audit by National Pharmaceutical Regulatory Department, has recouped some losses. The stock dipped to a low of 28.5 sen on Jan 11 — the lowest level since October 2013. Kumpulan Wang Persaraan (Diperbadankan) (KWAP) sold 4.83 million, or 0.59% equity interest, in the pharmaceuticals manufacturer.
Save by subscribing to us for your print and/or digital copy.
P/S: The Edge is also available on Apple's AppStore and Androids' Google Play.