This article first appeared in Capital, The Edge Malaysia Weekly on October 12, 2026 - October 18, 2026
Notable filings
Over the week of Sept 28 to Oct 2, notable filings on shareholding changes among Bursa Malaysia-listed companies included those at Avangaad Bhd (KL:AVANGAAD).
Sindora Bhd and Kulim (M) Bhd, both controlled by Johor Corp Bhd, the investment arm of the southern state, sold 265.5 million and 12.88 million Avangaad shares respectively and ceased to be substantial shareholders.
The 278.38 million shares, representing a 20.99% stake, were acquired by Avangaad executive director Datuk Lai Keng Onn, who previously held a 51% stake or 676.39 million shares in the company through his private vehicle Voultier Sdn Bhd. Following the acquisition, Lai’s equity interest in Avangaad rose to 74.05%.
Avangaad, which is involved in marine transport, offshore storage of oil and gas and charter of offshore support vessels, closed at 29.5 sen last Wednesday (Oct 7), giving it a market capitalisation of RM391.2 million.
The Employees Provident Fund (EPF) continued to snap up shares in automation solutions provider Greatech Technology Bhd (KL:GREATEC), acquiring 9.6 million shares during the week in review, and nudging its shareholding up to 6.21% or 156.21 million shares.
EPF had surfaced as a substantial shareholder in Greatech on Sept 10 after acquiring five million shares, giving it a 5.13% stake. Greatech’s shares finished last Wednesday at RM2.82, giving the company a market valuation of RM7.09 billion.
Greatech’s stock, which has gained about 23% since the end of July, is 52.34%-owned by its CEO and executive director Datuk Seri Tan Eng Kee.
Over at Inari Amertron Bhd (KL:INARI), an outsourced semiconductor assembly and test player, the EPF acquired 25.19 million shares, strengthening its shareholding in the company to 18.7% or 723 million shares, from 17.54% (674.89 million shares) in late August.
Other than the EPF, pension fund Kumpulan Wang Persaraan (Diperbadankan) or KWAP has been actively trading Inari Amertron’s stock. It picked up 334,000 shares in the company during the week, increasing its shareholding to 9.84% or 380.45 million shares. In late August, KWAP had 9.77% or 376.08 million shares in the company.
Since late March, Inari Amertron’s share price has climbed about 118%, closing at RM2.78 last Wednesday and valuing it at RM10.74 billion.
At Johor Plantations Group Bhd (KL:JPG), the EPF acquired 28.93 million shares from Sept 28 to 30, raising its shareholding to 18.02% or 449.26 million shares. KWAP, which has also been actively trading the stock, was a net buyer, picking up 458,700 shares and raising its stake to 5.36% or 133.66 million shares.
Johor Plantations’ share price, which hit a 52-week high of RM2.10 in intraday trading on Aug 4, has since tapered off to end last Wednesday at RM1.75, for a market value of RM4.36 billion. The company’s largest shareholder is Johor Corp, which has a 64.46% stake.
Notable movements
Southern Cable Group Bhd’s (KL:SCGBHD) stock hit a record high of RM3 in intraday trading on Sept 30 before easing to close at RM2.89 last Wednesday, for a market capitalisation of RM3.69 billion.
Investor interest in Southern Cable has been driven by strong demand for its high-voltage cables, fuelled by the boom in data centres, as well as demand from utility giant Tenaga Nasional Bhd (KL:TENAGA) and solar industry players. These growth drivers have helped buoy the company’s stock.
During this period of strength in Southern Cable’s share price, its largest shareholder Sino Shield Sdn Bhd — the vehicle of managing director Tung Eng Hai — sold 20 million shares at RM2.70 per share or for RM54 million. This reduced his equity interest to 24.37% or 311.44 million shares.
The EPF, meanwhile, trimmed its stake by 12.76 million shares to 7.85% or 88.74 million shares.
The pension fund has been actively trading construction firm IJM Corp Bhd’s (KL:IJM) shares and was a net seller during the week in review, trimming its shareholding by 1.05 million shares to 709.18 million shares, or 20.23%. This compares to end-June, when it held 20.67% or 724.56 million shares.
KWAP, meanwhile, acquired 811,500 IJM shares, nudging its shareholding up to 350.52 million shares or 10%.
Since early June, IJM’s shares have gained about 27%, closing at RM2.85 last Wednesday and giving the company a market value of RM10.39 billion. The stock hit a 52-week high of RM2.97 in intraday trading on Sept 25.
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