KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said consumer products and services stocks lifted the key index higher, overcoming lingering geopolitical concerns. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.08 points to 1,715.56 from yesterday’s close of 1,712.48. The benchmark index, which opened 1.91 points higher at 1,714.39, moved between 1,710.79 and 1,720.59 during the day’s trading. In the broader market, gainers outstripped decliners 550 to 476, while 612 counters were unchanged, 1,129 untraded, and 48 suspended. Turnover rose to 2.96 billion units valued at RM2.48 billion from 2.94 billion units valued at RM2.56 billion on Tuesday.
Notable Filings and Shareholder Changes
Dataprep Holdings Bhd:
- Shamshuri Abdul Majid, the largest shareholder, acquired 38.18 million shares (5.17% stake) on August 13, doubling his ownership to 10.11%. This acquisition made him the largest shareholder, surpassing Tan Sri Ikmal Opat Abdullah, who is also the founder of Widad Group Bhd.
- Shamshuri, managing director of Mizou Holdings Sdn Bhd, first became a substantial shareholder on July 10 with a 5.16% stake. His investment in Dataprep is a private one, separate from Mizou Holdings.
- Dataprep’s share price closed at 22 sen per share on the day of the acquisition and later settled at 21 sen, valuing the company at RM158.65 million.
Country Heights Holdings Bhd:
- Lim Chow Sen acquired 7.25 million shares (2.42% stake) on August 13, increasing his stake to 12.59%. The largest shareholder remains Tan Sri Lee Kim Tiong, with a combined direct and indirect stake of 50.19%.
- Country Heights plans to seek arbitration in Singapore regarding the 2021 forfeiture of 2,017 hectares in Borneo Heights, Sarawak. The land, intended for a holiday resort, was confiscated by the state due to a lack of development.
- The share price closed at 26 sen on August 13 and later settled at 25 sen, valuing the group at RM76.45 million.
HE Group Bhd:
- Hexatech Energy Consolidated Sdn Bhd, the largest shareholder, sold 12 million shares (2.73% stake) on August 13, reducing its ownership to 21.14%.
- HE Group’s share price closed at 59 sen and settled at 60 sen, giving the company a market value of RM261.8 million. The stock has gained over 80% year-to-date, having debuted at 28 sen on the ACE Market on January 30.
Notable Movements and Transactions
Marine & General Bhd:
- The share price increased by nearly 60% this year, closing at 35 sen and valuing the company at RM264.56 million.
- On August 13, Tan Sri Mohammed Azlan Hashim, non-independent executive chairman, exchanged preference shares in Jasa Merin (Malaysia) Sdn Bhd for 12 million ordinary shares in Marine & General, increasing his direct stake to 8.13% and indirect stake to 14.72%.
OCR Group Bhd:
- The share price has plunged by 54.17% over the past month to 5.5 sen, near its 52-week low of 4.5 sen, valuing the company at RM110.25 million.
- On August 12, Tan Chin Hoong sold 26.67 million shares (1.92% stake) via off-market transactions, reducing his stake to 13.6%. Ong Kah Hoe remains the largest shareholder with a 25.22% stake.
These insider moves highlight significant shifts in shareholding and market activity among these companies, reflecting dynamic changes in corporate strategies and investor positions.
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