KUALA LUMPUR (July 2): Engtex Group Bhd’s (KL:ENGTEX) managing director, Tan Sri Datuk Ng Hook, and his wife Datin Yap Seng Kuan, have ceased to be substantial warrant holders after disposing of 4.55 million warrants via their private vehicle NH Holdings Sdn Bhd on June 29. Their warrant holdings now stand at 1.57% or 1.85 million warrants.

Ng and Yap, who are both executive directors in the company, still hold a combined indirect stake of 32.357% in Engtex through NH Holdings and NKG Resources Sdn Bhd. NKG Resources increased its direct stake in the company from 8.475% to 9.531% after exercising warrants this year.

For the first quarter ended March 31, 2026, Engtex’s net profit jumped nearly 22 times to RM8.95 million from RM407,000 a year earlier, driven by stronger performance in its wholesale, distribution, and manufacturing segments. Revenue rose to RM322.63 million from RM310.34 million.

Manufacturing made up 52.19% of revenue, wholesale and distribution 46.74%, while property development and hospitality contributed 1.07%.

As at March 31, the group was in a net debt position of RM351.76 million, with borrowings of RM577.47 million exceeding cash of RM225.71 million.

At market close, Engtex shares rose 0.5 sen or 1.19% to 42.5 sen, giving it a market value of RM360.9 million, though the stock is down 15% over the past year.