KUALA LUMPUR (July 2): Singapore-based PK Green Fund has emerged as a substantial shareholder in Jentayu Sustainables Bhd (KL:JSB) through the acquisition of a 9.02% stake in the renewable energy developer.
The fund acquired the stake, comprising 49.1 million shares, on June 30, said Jentayu in a Bursa Malaysia filing on Thursday. Prior to the acquisition, the fund did not own any shares in the company.
A separate filing showed that the shares were disposed of by Datin Nurhaida Abu Sahid, the spouse of managing director Datuk Beroz Nikmal Mirdin, via an off-market transaction at 20 sen apiece, representing a 21.6% discount to Jentayu's closing price of 25.5 sen on same day. The transaction was valued at RM9.82 million.
Following the disposal, Beroz's direct shareholding stood at 3.837%, while his deemed interest declined to 4.041%, giving him a combined stake of about 7.878%.
PK Green Fund is a Singapore-domiciled investment fund focused on environmental and social impact sectors across emerging markets, including renewable energy.
PK Green Fund's entry comes after fertiliser supplier Agrobulk Holdings Sdn Bhd emerged as a substantial shareholder in Jentayu by acquiring 45.37 million shares, or an 8.33% stake, via a private placement on April 17.
Jentayu said PK Green Fund had informed the company that its investment is strategic in nature and that it intends to be a long-term shareholder.
The fund also indicated its intention to engage constructively with the board and management on matters relating to the group's strategy, corporate governance and sustainability initiatives. It added that it may, in due course, seek representation on Jentayu's board.
Jentayu, on its part, said it welcomes PK Green Fund as a new institutional shareholder, adding that it viewed the investment as reflecting confidence in the company's direction, particularly its transition towards a renewable energy-focused business and the continued development of its renewable energy project pipeline.
Financial-wise, Jentayu reported a wider net loss of RM12.46 million for the nine months ended March 31, 2026 versus RM11.09 million in the previous corresponding period, as revenue declined 7.67% to RM12.14 million from RM13.15 million.
On Thursday, Jentayu's share price closed half a sen or 1.96% lower at 25 sen, valuing the company at RM136.1 million. Year-to-date, the stock has fallen 15%.