This article first appeared in Capital, The Edge Malaysia Weekly on August 31, 2026 - September 6, 2026
Notable filings
During the week of Aug 18 to 21, notable changes in shareholding at Bursa Malaysia-listed companies include those at plantation company Jaya Tiasa Holdings Bhd (KL:JTIASA), which saw Genine Chain Ltd cease to be a substantial shareholder.
Hong Kong-based Genine Chain, which had been a substantial shareholder for more than two decades, sold a total of 7.46 million shares on the open market during the week under review, reducing its stake to below the 5% shareholding threshold required for disclosure.
The private vehicle of Ho Cheung Choi and Chang Meng, Genine Chain commenced selling down its shareholding in Jaya Tiasa in early August. Prior to that, it held 58.15 million shares or 6.01% equity interest.
Jaya Tiasa’s annual report for the financial year ended April 30, 2000 (FY2000) showed that Genine Chain owned as much as 11.29% equity interest in Jaya Tiasa.
Jaya Tiasa shares ended trading at RM1.09 last Wednesday, giving the company a market capitalisation of RM1.02 billion. Since early April, Jaya Tiasa’s stock has shed more than 10% of its value.
Its largest shareholder is the late tycoon Tan Sri Tiong Hiew King, whose estate holds a little more than 30% in the company. Tiong died in November last year.
At door and window frame manufacturer Econframe Bhd (KL:EFRAME), Datuk Hooi Jia Hao ceased to be a substantial shareholder after selling 2.88 million shares on Aug 14. Hooi has been paring down his stake in Econframe for some time. At end-November 2025, Hooi held 28.28 million shares or a 7.42% stake in Econframe.
Earlier, another substantial shareholder Datuk Ng Wei Yee sold 8.07 million shares via a direct business transaction on June 19 and ceased to be a substantial shareholder.
On Aug 6, Newleaf United Holdings Sdn Bhd, the private vehicle of Chinese national Zheng Jinding, surfaced as a substantial shareholder after acquiring 38.85 million shares or a 10.34% stake.
Econframe shares closed last Wednesday at 25 sen, valuing the company at RM94 million.
Datuk Shamshuri Abdul Majid has been actively trading in information technology service provider Dataprep Holdings Bhd (KL:DATAPRP) stock but was a net buyer, snapping up 25.75 million shares during the week under review and increasing his stake to 108.54 million shares or a 12.62% stake.
Shamshuri surfaced as a substantial shareholder in Dataprep in July 2024 with 5.16% equity interest, or 38.16 million shares. He is now the largest shareholder.
Prior to Shamshuri coming in, Dataprep was controlled by Tan Sri Muhammad Ikmal Opat Abdullah via his private vehicle Widad Business Group Sdn Bhd.
Dataprep shares closed last Wednesday at 7.5 sen, valuing the company at RM64.5 million.
Over at Azam Jaya Bhd (KL:AZAMJAYA), Datuk Freddy Lim Nyuk Sang, CEO of Kretam Holdings Bhd (KL:KRETAM), sold 2.5 million shares in the road and infrastructure construction company, reducing his shareholding to 29.77 million shares or 5.95%.
Lim first surfaced as a substantial shareholder in Sabah-based Azam Jaya in October last year with 32.27 million shares or 6.45% equity interest. Azam Jaya’s largest shareholder is Datuk Jonathan Lo Chaw Loong, the company’s managing director, who has a 53.53% stake in Azam Jaya.
Azam Jaya shares ended trading last Wednesday at RM1, giving the company a market capitalisation of RM500 million.
Notable movements
IJM Corp Bhd’s (KL:IJM) stock has gained more than 38% since May 21, closing at RM2.86 last Wednesday, with a market value of RM10.43 billion.
During this period of strength in its share price, the Employees Provident Fund (EPF) has been actively trading IJM’s stock and was a net seller during the week under review, offloading 4.78 million shares and reducing its shareholding to 729.31 million shares or 20.81%.
Pension fund Kumpulan Wang Persaraan (Diperbadankan) (KWAP) has also been trading IJM’s stock and was a net buyer, mopping up 549,300 shares during the week under review, bringing its holdings to 369.98 million shares or a 10.14% stake in the construction giant.
Earlier this year, IJM managed to fend off an RM11 billion takeover offer, or RM3.15 per share, by diversified group Sunway Bhd (KL:SUNWAY), as the offer was deemed to undervalue IJM. IJM subsequently announced plans to unlock shareholder value through corporate exercises such as floating its construction division, monetising land assets, and selling or listing its tolled highways.
Meanwhile, EPF acquired 23.65 million shares in lender AMMB Holdings Bhd (KL:AMBANK) during the week, increasing its stake to 624.62 million shares or 18.85%. At end-June, EPF owned 593.87 million shares or a 17.96% stake in AMMB.
AMMB’s stock hit a multi-year high of RM7.37 on Aug 12 but tapered off to close at RM7.06 last Wednesday, valuing the banking group at RM23.39 billion. Over the past three months, AMMB’s shares have gained more than 10%.
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