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FROM July 19 to 23, notable filings of shareholding changes at Bursa Malaysia-listed companies included those at Jiankun International Bhd, where Wai Ai Loo ceased to be a substantial shareholder after disposing of 12.15 million shares on the open market.

Wai had emerged as a substantial shareholder of Jiankun on May 29 after acquiring 4.01 million shares on the open market and 9 million shares via a private placement, but began disposing of the shares in June.

For the first quarter ended March 31, the property development and construction company reported a net profit of RM365,000, 81% lower than the RM1.95 million posted a year ago. Revenue declined 39% to RM11.81 million, from RM19.21 million previously.

At Kejuruteraan Asastera Bhd (KAB), Kington Tong Kum Loong ceased to be a substantial shareholder after disposing of 61.7 million shares during the week in review. Meanwhile, substantial shareholder Faith Chow Poh Ten upped her stake in the company after acquiring 61.7 million shares. Post-acquisition, Chow’s direct stake stood at 11.64%, or 197.04 million shares, while her indirect stake amounted to 0.38%, or 6.49 million shares.

KAB recently announced that it had received a letter of award from Mydin Wholesale Emporium Sdn Bhd and that it had inked a principal term sheet agreement with FT Hose & Hose Sdn Bhd to install a 4,971 kilowatt-peak (kWp) solar system. The project is in line with the group’s expansion into green solutions.

Over at Naim Holdings Bhd, Datuk Abdul Hamed Sepawi disposed of 11 million shares through his private vehicle Tapak Beringin Sdn Bhd. Post-disposal, Tapak Beringin’s stake was reduced to 14.3%, or 71.63 million shares.

Abdul Hamed’s direct stake in Naim Holdings remained at 32.55 million shares, or 6.5%, while his indirect stake was trimmed to 73.51 million shares, or 14.68%.

The company, which is in the business of property development, oil and gas as well as trading, posted a net loss of RM11.49 million for the first quarter ended March 31, from RM15.51 million a year ago, notwithstanding a 23% increase in revenue to RM83.92 million.

During the week in review, Nexgram Holdings Bhd’s shareholder Ozura Firstlogix Sdn Bhd disposed of 17.34 million shares in the company. Post-disposal, its stake was reduced to 6.68%.

Recently, the company announced that its 51%-owned subsidiary Tri-G Technologies Sdn Bhd had received an operation notification letter from the government for the implementation of the Covid-19 quarantine process using the TracAPM digital system, or better known as SafeTravelPass Malaysia.

Notable movements

Chin Hin Group Bhd’s share price rose 15.9% between July 15 and 23, from RM1.19 to RM1.38. According to July 22 filings with Bursa, Datuk Seri Chiau Beng Teik disposed of 9.27 million shares on the open market between July 19 and 22. Post-disposal, his direct stake fell to 16.99%, or 141.77 million shares, and his indirect stake to 36.77%, or 306.76 million shares.

Meanwhile, Datuk Abdel Aziz ceased to be a substantial shareholder of Pertama Digital Bhd after selling 10 million shares of the digital solutions company on July 22. Pertama Digital’s share price increased 8.7% between July 15 and 23, from 57 sen to 62 sen.

KUALA LUMPUR: Kinergy Advancement Bhd (KAB), a leading Malaysian provider of sustainable energy and engineering solutions, has announced the cessation of Kington Tong Kum Loong as a substantial shareholder following his disposal of 25,037,543 ordinary shares via a direct business transaction.

According to a filing with Bursa Malaysia, the change was officially notified on July 30, 2025, marking the end of Tong’s tenure as a prominent investor in the company.

Tong had never held any executive or board position at KAB, with his role strictly limited to that of a passive investor, without influence over management decisions or corporate strategy.

The company clarified that the disposal by a substantial shareholder has no impact on its operations, strategic direction, or governance structure.

KAB remains firmly under the leadership of its executive team, led by executive deputy chairman and group managing director Datuk Lai Keng Onn, who is also the largest individual shareholder and continues to drive the company’s vision and growth in the sustainable energy sector.

Recent share movements have also introduced other significant investors, further diversifying KAB’s shareholder base and reinforcing market confidence.

The company emphasised that such changes reflect the dynamic nature of public markets, where shifts in shareholding are part of regular market activity.

For stakeholders, the announcement reaffirms that KAB’s mission, operational integrity, and commitment to delivering excellence in sustainable energy and engineering solutions remain unchanged.

KAB has established a strong regional presence, with 27 sustainable energy projects across Southeast Asia and a consistent record of earnings growth in recent quarters.

Its core offerings include energy-efficient systems, renewable energy generation—spanning solar, biogas, and hydroelectric—cogeneration solutions, and robust engineering services for both commercial and residential developments.

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