This article first appeared in Capital, The Edge Malaysia Weekly on November 2, 2026 - November 8, 2026
Notable filings
For the period of Oct 19 to 23, notable filings on shareholding changes at Bursa Malaysia-listed companies included those at TAS Offshore Bhd (KL:TAS), which saw the estate of its late founder, Datuk Lau Nai Hoh, transfer 51.25 million shares to his three children.
His sons Lau Choo Chin and Lau Choo Kuang each received about 24.86 million shares on Oct 21, raising their direct stakes in the company to 21.75% and 21.52% respectively, while his daughter Lau Siew Ling obtained 1.54 million shares, lifting her direct stake to 5.89%.
The elder Lau, formerly president of the Sibu United Chinese Association, passed away in late April this year. Choo Chin officially succeeded him as TAS Offshore’s managing director on April 30, while his younger brother Choo Kuang was made deputy MD on July 23.
TAS Offshore has declined 29.8% this year to close at 39 sen on Oct 27, giving the shipbuilder a market value of RM69.2 million.
Eco-Shop Marketing Bhd (KL:ECOSHOP) saw the Employees Provident Fund (EPF) acquire a total of 19.26 million shares from Oct 15 to 20, which lifted the pension fund’s stake to 6.05%, or 348.24 million shares. EPF is the third-largest shareholder of the fixed-price products retail chain operator.
Eco-Shop reported a 7.5% year-on-year (y-o-y) rise in net profit to RM63.19 million in the first quarter of its financial year ended May 31, 2026, on the back of a 16% increase in revenue to RM793.68 million on higher transactions. It added 15 stores during the quarter, bringing its total store count to 477.
Its share price has gained a marginal 0.9% year to date (YTD) to RM1.43 as at Oct 27, giving it a market value of RM8.23 billion.
EGH International Bhd (KL:ECOGRP) group managing director Datuk Weslie Lim Yuk Meng, who is also its largest shareholder, acquired 6.91 million shares on Oct 20, raising his stake in the newly listed integrated interior fit-out solutions provider to 32%, or 320.01 million shares.
Four days earlier, Phillip Capital Management Sdn Bhd ceased to be a substantial shareholder of EGH after selling 500,000 shares.
EGH, which made its ACE Market debut on Oct 16, has declined 43.7% to nine sen as at Oct 27 from its initial public offer price of 16 sen, giving it a market value of RM90 million.
Over at Singapore-based Mclean Technologies Bhd (KL:MCLEAN), its biggest shareholder Accrelist Crowdfunding Pte Ltd disposed of 30 million shares via offmarket transactions on Oct 20, leaving it with a 16.36% stake, or 40.27 million shares. At press time, there was no information on who the buyer was.
Accrelist Crowdfunding is the vehicle of Mclean executive chairman Datuk Terence Tea, who has a direct 2.64% stake in the precision cleaning and surface treatment service provider.
Mclean’s shares have gained 11.7% YTD to close at 65 sen on Oct 27, giving the company a market value of RM160 million.
Notable movements
Binastra Corp Bhd (KL:BNASTRA) closed at an all-time high of RM2.83 on Oct 19, for a YTD gain of 34.3%. As at Oct 27, the stock closed lower at RM2.68, giving the construction and property-related group a market capitalisation of RM2.93 billion.
Bursa filings show that managing director Datuk Tan Kak Seng disposed of 40 million shares, at RM2.80 each, in a direct business transaction on Oct 20. He now holds a direct stake of 7.85% and an indirect stake of 41.05%, for a total of 535.35 million shares.
Eastspring Investments Bhd sold a total of 401,200 shares in Binastra from Oct 19 to 21, reducing its shareholding to 5.54%, or 60.6 million shares.
Binastra’s net profit surged 78.1% to RM50.62 million in the second quarter of the financial year ending Jan 31, 2027, driven by stronger construction activity, contributions from newly acquired thermal energy firm LF Lansen Sdn Bhd and its expansion into solar installation. Revenue rose 65.9% to RM658.39 million.
MTT Shipping and Logistics Bhd (KL:MTTSL) has gained 25.2% since its Main Market debut on April 21, closing at RM1.29 on Oct 27 versus its IPO price of RM1.03. At RM1.29, the container line operator had a market value of RM2.5 billion. Its highest close thus far was RM1.37 on Aug 26.
Arbdn Malaysia Sdn Bhd acquired a total of 160.19 million shares in MTT from Oct 15 to 21, raising its stake to 6.41%, or 160.19 million shares.
MTT posted a net profit of RM94.51 million and revenue of RM298.3 million for the second quarter of the financial year ending Dec 31, 2026. It did not provide y-o-y comparative figures, as it had only been listed recently. Quarter on quarter, net profit rose 44.5% while revenue increased 20.8%.
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