This article first appeared in Capital, The Edge Malaysia Weekly on July 20, 2026 - July 26, 2026

During the week of July 6 to 10, notable shareholding changes among Bursa Malaysia-listed companies included those at Asteel Group Bhd (KL:ASTEEL), formerly known as YKGI Holdings Bhd, where senior executives snapped up more shares in the steelmaker.

According to filings with Bursa, executive chairman Tan Sri Soh Thian Lai acquired 5.16 million shares in Asteel via a direct business transaction on July 8 for RM360,954.72, or seven sen per share, and received a transfer of 536,600 shares from his spouse Puan Sri Ng Mooi Cheng.

Following the latest transactions, Soh holds a direct stake of 3.75% and an indirect stake of 2.22% through Soh TL Holdings Sdn Bhd and his child Soh Li Ing.

Separately, on the same day, group managing director Datuk Seri Victor Hii Lu Thian acquired 20 million shares in Asteel via a direct business transaction for RM1.4 million or seven sen per share. This brings his direct shareholding to 6.57% while he is also deemed interested in an 18.07% stake.

Asteel returned to the black in the first quarter ended March 31, 2026 (1QFY2026), posting a net profit of RM275,000 compared with a net loss of RM56,000 a year earlier, as revenue rose 11.5% year on year to RM64.2 million from RM57.5 million, mainly driven by higher sales of coil products as well as increased revenue from building materials. This marked its fourth consecutive quarter of profit since 2QFY2025. During 1QFY2026, the group acquired an additional 11.34% equity interest in its 51%-owned subsidiary, ASTAR Steel Sdn Bhd, increasing its total stake to 62.75%.

Asteel shares have fallen 14% so far this year to close at six sen apiece last Tuesday, giving the company a market capitalisation of RM28.4 million.

Meanwhile, Taghill Holdings Bhd (KL:TAGHILL), formerly known as Siab Holdings Bhd, saw Mbuild Venture Sdn Bhd dispose of 66.66 million shares in the construction firm to executive director Chu Yee Hong via a direct business transaction on July 9 for RM333,300 or 0.5 sen apiece, bringing his direct stake to 5.41%. He also holds an indirect stake of 18.57%.

Taghill’s largest shareholder is Mbuild Venture, the investment vehicle of Chu, group managing director Wong Yih Ming and executive director Yap Kek Siung.

Shares in Taghill closed at 6.5 sen last Tuesday. The stock is down 14% year to date (YTD), with a market capitalisation of RM93.9 million.

At engineering and infrastructure outfit Rohas Tecnic Bhd (KL:ROHAS), former director Tan Sri Nik Awang @ Wan Azmi Wan Hamzah disposed of 30 million shares to his wife Puan Sri Nik Anida Nik Manshor on July 9. Post-disposal, Nik Awang holds a direct stake of 25.472% and an indirect stake of 19.041%. This brings Nik Anida’s direct stake to 19.041% and her indirect stake to 25.472%. The couple have been trading the company’s shares since April 2024, filings show.

On July 3, Rohas Tecnic said the Malaysian Anti-Corruption Commission (MACC) has concluded its investigations into subsidiary HG Power Transmission Sdn Bhd (HGPT) with no further action to be taken against the company or its personnel.

Rohas Tecnic acquired its 86.8% stake in HGPT in 2017 for RM91.66 million. In June this year, MACC had lifted the seizure orders imposed on the bank accounts of HGPT, as well as the personal bank accounts of the unit’s current officer and former officers.

Rohas Tecnic shares have fallen 15% YTD to settle at 19.5 sen last Tuesday, valuing the company at RM92.2 million.

Bursa filings for the week under review show the Employees Provident Fund (EPF) taking profit on its investment in YTL Power International Bhd (KL:YTLPOWR), disposing of 1.88 million shares on July 8. It then acquired 1.4 million shares the following day.

This brings EPF’s direct stake to 1.1 billion shares or 12.73% as at July 9. The provident fund first emerged as a substantial shareholder in YTL Power in January 2025, with a 5.043% stake at the time.

Between July 6 and 10, YTL Power’s share price hovered between RM4.34 and RM4.36. The counter has risen 30% so far this year, closing at RM4.33 last Tuesday and valuing the group at RM37.8 billion.

Bursa filings for the same week also show that EPF was no longer a substantial shareholder of Panasonic Manufacturing Malaysia Bhd (KL:PANAMY) after disposing of 306,600 shares on July 2. Prior to that, it held 3.23 million shares or a 5.32% stake.

EPF had been a substantial shareholder since the company was known as Matsushita Electric Co (Malaysia) Bhd in 2000.

For its financial year ended March 31, 2026 (FY2026), Panasonic experienced its weakest annual net profit in two decades as softer demand and shipping disruptions arising from the Middle East conflict dragged earnings and revenue lower. Net profit fell 26.5% to RM33.9 million from RM46.1 million in the previous year, on the back of a 16.1% decline in revenue to RM689.9 million from RM822.8 million.

Panasonic shares are down 24% YTD and closed at RM5.59 last Tuesday, giving the company a market capitalisation of RM339.6 million. 

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