KUALA LUMPUR (March 24): GUH Holdings Bhd (KL:GUH) said it has initiated legal action against two individuals and/or administrators of Facebook accounts over posts alleging the group’s involvement in unlawful activities and unrelated corporate entities.

According to a bourse filing on Tuesday, the electronic circuit board maker and property company said it issued letters of demand dated March 19 and March 20, through its legal solicitors, without disclosing the names of the parties involved.

GUH said it became aware of the posts published on March 16 and March 17, which contained what it described as false, baseless and misleading allegations against the group and its wholly-owned subsidiary GUH Properties Sdn Bhd.

The group said the posts included assertions linking it to alleged unlawful and unethical activities as well as to entities and projects with which it has no connection to.

Among the claims referenced was an alleged association with Kepayang Heights Sdn Bhd, which the company stressed that it has no affiliation whatsoever, whether direct or indirect, past or present.

GUH said it has demanded the immediate removal of the posts and related publications, cessation of further defamatory statements, and a full and unequivocal public apology and retraction.

The group said it takes the matter seriously and will pursue all necessary legal remedies to safeguard its reputation, business interests and stakeholders.

It added that its operations remain unaffected and that any material developments will be announced in due course.

GUH Holdings was loss-making in three of the past five years.

For the financial year ended Dec 31, 2025 (FY2025), the group swung to a net profit of RM66.5 million from a loss of RM21.7 million a year earlier, even as revenue fell 13.8% to RM213.1 million. The company attributed the turnaround primarily to a gain on the disposal of state-owned land use rights in the Suzhou High-Tech Zone, China.

GUH’s largest shareholder is executive chairman and founder Tan Sri H’ng Bok San, who holds a 19.13% stake. His other flagship company is Leader Universal Holdings Bhd, a cable manufacturing business which he privatised in July 2012.

Shares in GUH Holdings closed down half a sen or 1.8% at 28 sen on Tuesday, valuing the company at RM79.3 million. Over the past one year, the counter has declined 11.1%.