FROM Oct 12 to 18, just over 407 million shares worth RM1.22 billion changed hands off market in blocks of at least 500,000 shares.

Yinson Holdings Bhd saw the emergence of a new substantial shareholder, Datuk Yeow Kheng Chew, last Monday. He purchased 119.7 million shares or a 10.99% stake in a direct deal at RM3.07 per share or RM367.5 million in total that day.

Yeow had previously partnered Tan Sri Mokhzani Mahathir in private investment vehicle Kencana Capital Sdn Bhd, which owned 153.36 million shares or 14% equity interest in Yinson. This stake is now held by Yeow, who bought 119.7 million shares for RM367.5 million from Mokhzani, and had 33.7 million shares distributed to him in specie by Kencana Capital.

Mokhzani, who exited Yinson but now wholly owns Kencana Capital, tells The Edge that the deal represents a buyout of Yeow’s interests in the private vehicle.

Yinson’s share price has increased more than 8% over the past year. It closed at RM3.17 last Monday, above the RM3.07 Yeow paid for the block.

Computer Forms (M) Bhd also saw sizeable trades. On Oct 14, a 14.36% block or 5.88 million shares changed hands in a direct deal worth RM6.77 million or RM1.15 per share. The stake matches the number of shares held by the company’s largest shareholder, World Grain Sdn Bhd, based on its latest annual report. However, there were no filings on the substantial shareholder change at the time of writing.

Last Monday, Computer Forms saw a total of 3.93 million shares traded in several direct deals at RM1.18 each or RM4.64 million in total. As at last Tuesday, the counter had fallen by more than 18% year to date.

Over at Mintye Industries Bhd, majority shareholder Yatee & Sons Sdn Bhd increased its stake on Oct 14, acquiring five million shares or 8.22% equity interest for RM5 million from Alidin Sdn Bhd. The latter is Mintye Industries’ second largest shareholder. After the transaction, Yatee & Sons’ shareholding increased to 59.17%.

The company is the vehicle of brothers Yeo Kim Swee and Yeo Kim Soon — who are Mintye Industries’ executive chairman and managing director respectively — and their families. The brothers are, in turn, sons of Yeo Ah Tee, the listed company’s founder who retired as executive chairman in July last year.

Alidin is controlled by Mazlan Mohamad and Sari Idris, who are board members at Mintye Industries. The company was suspended from trading from Oct 17 for a share exchange scheme, which will see its shareholders get one share in Mintye Bhd for every share held in Mintye Industries as part of a listing transfer exercise.

Elsewhere, Parkson Holdings Bhd saw a 5.18% block change hands for RM42 million on Oct 14. That represents a price of 75 sen a share, lower than its last transacted price of 78 sen on that day. The stock has fallen 23% over the past 12 months.

BIMB Holdings Bhd saw 36.57 million shares or a 2.2% stake change hands in multiple direct transactions between Oct 14 and Oct 17. The shares were valued at RM149.8 million, or RM4.20 apiece — below its closing price of RM4.25 last Monday.

These transactions follow a direct trade of 25.8 million BIMB shares on Oct 10 worth RM108 million. The counter has rallied about 11% year to date.

At Sime Darby Bhd, AmanahRaya Trustees Bhd — the wholly-owned subsidiary of majority shareholder Permodalan Nasional Bhd (PNB) — acquired 10 million shares worth RM78 million in a direct deal on Oct 12. This translates into a price of RM7.80 per share, slightly below its RM7.88 closing price that day.

Recall that PNB had pared down its direct stake in Sime Darby by 10 million shares just the week before on Oct 6, of which nine million shares were picked up in a direct transaction worth RM70.6 million. 

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