This article first appeared in Capital, The Edge Malaysia Weekly on June 22, 2026 - June 28, 2026
Notable filings
Over the week of June 8 to 12, among the notable changes in shareholding at Bursa Malaysia-listed companies included those at Public Bank Bhd (KL:PBBANK).
The family of the late founder Tan Sri Teh Hong Piow undertook a restricted offer for sale of shares in the banking group to directors and employees. Through its vehicle Consolidated Teh Holdings Sdn Bhd, it disposed of 250.9 million shares or 1.9% equity interest on June 9, reducing its stake to 20.73% or 4.02 billion shares.
The sale comes about as the family looks to comply with the Financial Services Act 2013, which states that shareholding by individuals and family-controlled entities in financial institutions has to be capped at 10%.
Back in October 2024, Hong Piow’s daughter, Diona Teh Li Shian, announced that the family was targeting to pare its shareholding in Public Bank over a five-year period to comply with the 10% cap in shareholding rule. This recent stake sale is the first of the family’s plans.
Hong Piow passed away in December 2022 at the age of 92 and, until Li Shian emerged to state the family’s plans, it was unclear what would happen to its stake. She was appointed non-independent non-executive director in late May this year.
Public Bank’s stock ended trading last Tuesday at RM5.05, translating into a market capitalisation of RM98.02 billion.
Aiza Abdul Aziz surfaced as a substantial shareholder at Kenanga Investment Bank Bhd (KL:KENANGA), controlling 54.55 million shares or 7.49% equity interest, after obtaining the shares from her late father pursuant to a Hibah Declaration duly executed and signed by him in June 2024. Kenanga received the notice of Aiza’s interests on June 11.
Last Tuesday, Kenanga shares finished at 68.5 sen, valuing the company at RM498.4 million. The stock hit a multi-year low of 67.5 sen on June 15, having shed more than 21% since end-March.
During this period of weakness, Kenanga has been buying back its own shares. As at June 9, it had 7.95 million treasury shares, which works out to about 1.08% of its share base.
Berjaya Corp Bhd (KL:BJCORP) surfaced as a substantial shareholder of civil engineering, construction and renewable energy player Citaglobal Bhd (KL:CITAGLB) after acquiring 46.77 million shares or an 8.64% stake via a private placement at 90 sen per share, or RM42.09 million in total.
A chunk of the proceeds from Citaglobal’s placement, or RM40.6 million, will be utilised to acquire land in Gebeng, Pahang; undertake expansion and investments in existing businesses; as well as for working capital purposes.
Berjaya Corp is controlled by businessman Tan Sri Vincent Tan Chee Yioun, who is now the third-largest shareholder in Citaglobal. Citaglobal’s largest shareholder is its executive chairman and president, Tan Sri Mohamad Norza Zakaria, who has 28.93% equity interest, while the Sultan of Pahang, Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah Sultan Haji Ahmad Shah Al-Mustafa’in Billah, has 11.89% equity interest.
Citaglobal’s share price closed at 85 sen last Tuesday, for a market value of RM460.1 million.
Notable movements
From early February this year, CTOS Digital Bhd’s (KL:CTOS) stock has shed almost 22%, closing at 70.5 sen last Tuesday, and valuing the company at RM1.61 billion.
The Employees Provident Fund (EPF) has been trimming its stake in the credit reporting agency. During the week in review, the pension fund hived off 29.87 million shares, trimming its shareholding to 20.75% or 471.99 million shares, down from 22.87% or 520.37 million shares at the end of April.
This resulted in private equity fund Creador re-emerging as CTOS Digital’s largest shareholder, with a 20.78% stake.
Meanwhile, shares of Dayang Enterprise Holdings Bhd (KL:DAYANG) have come off a 52-week high of RM2.08 recorded on April 30, shedding almost 17% to close at RM1.70 last Tuesday.
Having been acquiring Dayang’s stock, the EPF snapped up 1.44 million shares during the week in review, increasing its shareholding to 12.57% or 145.56 million shares, against 11.81% or 136.72 million shares at the end of May.
Dayang is a key player in the Malaysian oil and gas sector, with a presence in hook-up and commissioning, maintenance, fabrication and offshore support vessels via its 63.4%-owned subsidiary Perdana Petroleum Bhd (KL:PERDANA).
Save by subscribing to us for your print and/or digital copy.
P/S: The Edge is also available on Apple's App Store and Android's Google Play.