This article first appeared in Capital, The Edge Malaysia Weekly on May 11, 2026 - May 17, 2026
Notable filings
Over the week of April 27 to 30 (May 1 was the Labour Day public holiday), some of the most notable shareholding changes for companies publicly traded on Bursa Malaysia occurred at fashion retailer Padini Holdings Bhd (KL:PADINI).
Two major pension funds reduced their exposure to the stock during the week in review. The Employees Provident Fund (EPF) hived off 5.28 million shares, trimming its stake to 102.9 million shares, or 10.43% equity interest. Kumpulan Wang Persaraan (Diperbadankan), or KWAP, reduced its shareholding by selling 1.5 million shares, leaving it with 103.1 million shares or a 10.45% stake.
These shareholding changes follow a significant development at the company. On Friday, April 24, the Malaysian Anti-Corruption Commission (MACC) froze certain bank accounts belonging to Padini amid an ongoing money laundering investigation. In a bourse filing that same day, Padini said the affected accounts were not used for day-to-day operations and assured that the company had access to other banking facilities to support its businesses.
Consequently, Padini’s stock took a hit, falling to an intraday multi-year low of RM1.40 when the market opened the following Monday. Having shed more than 26% of its value since the end of February this year, the counter ended trading last Wednesday at RM1.47, translating to a market capitalisation of RM1.45 billion.
Elsewhere, Mohamed Faris Che Lodin, son of Tan Sri Lodin Wok Kamaruddin, who was linked to the Boustead group and its parent Lembaga Tabung Angkatan Tentera, surfaced as a substantial shareholder in ICT product distributor Artroniq Bhd (KL:ARTRONIQ) with 51 million shares or 10.2% equity interest.
His entry into Artroniq came about as the ICT company acquired a 51% stake in Axe Innovation Sdn Bhd for RM5.1 million and issued new shares as consideration to Mohamed Faris. Last Wednesday, Artroniq closed at 13.5 sen, giving it a market value of RM67.5 million.
Meanwhile, both EPF and KWAP have been accumulating shares in the outsourced semiconductor assembly and test player Inari Amertron Bhd (KL:INARI). During the week in review, EPF acquired 7.46 million shares in the company, increasing its shareholding to 577.86 million shares or a 15.19% stake. At end-February, the fund had 535.74 million shares or 14.08% equity interest. KWAP picked up 5.61 million shares, nudging its stake to 384.68 million shares or 10.11%, up from 9.94% in early March.
Rebounding from a multi-year low of RM1.21 on March 9, Inari Amertron’s stock surged 66% to end Wednesday’s trading at RM2.01, for a market capitalisation of RM7.65 billion.
At semiconductor support services counter Frontken Corp Bhd (KL:FRONTKN), privately held Dazzle Clean Ltd — the vehicle of CEO Ng Wai Pin, Danny Yong Ming Chong, Tan Keng Soon and Dymon Asia Private Equity — sold 51.01 million shares, trimming its stake to 126.12 million shares or 7.39%.
In contrast, EPF mopped up 26.48 million shares during the period to strengthen its shareholding in Frontken to 294.35 million shares or 17.25%, while KWAP snapped up 3.82 million to nudge its shareholding to 84.08 million shares or 4.96%.
Since the end of March, Frontken’s shares have gained about 24% to finish last Wednesday at RM4.65 for a market capitalisation of RM8.03 billion.
Notable movements
Coming off a record high of RM6.28 on Feb 23, port operator Westports Holdings Bhd’s (KL:WPRTS) share price has shed more than 10% of its value, finishing trading last Wednesday at RM5.64.
With the recent slide, both EPF and KWAP accumulated the port operator’s shares. EPF mopped up 13.02 million shares, nudging its shareholding to 218.7 million shares or 6.36%, following its recent emergence as a substantial shareholder on April 1 with a 5.17% stake. KWAP concurrently picked up 3.28 million shares, increasing its shareholding to 203.68 million shares or 5.93%.
Johor Plantations Group Bhd (KL:JPG) has enjoyed a solid run, with its shares gaining more than 28% since early March to settle at RM1.89 last Wednesday.
EPF has been actively trading the plantation company’s shares and emerged as a net seller during the week, trimming its shareholding by 6.33 million shares to 228.11 million shares or 9.12%. In late February, the pension fund had 217.36 million shares or 8.69%.
KWAP, meanwhile, bought 335,800 shares in Johor Plantations, increasing its stake to 145.64 million shares or 5.82%. This builds on KWAP’s recent emergence as a substantial shareholder on March 3, when it surfaced with a 5% stake.
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