FROM September 6 to 10, notable changes in the shareholding of companies listed on Bursa Malaysia, including one in Berjaya Food Bhd. Pertubuhan Keselamatan Sosial (Perkeso) emerged as a significant shareholder in the company with 18 million shares or a 5.03% stake.
However, records reveal that shortly after becoming a significant shareholder, Perkeso gave up 143,000 shares to reduce his stake below the 5% mark required for disclosure.
The largest and only significant shareholder of Berjaya Food is Tan Sri Vincent Tan Chee Yioun, who directly and through numerous Berjaya entities owns 62.68% of the company.
The main assets of Berjaya Food include Kenny Rogers Roasters and the Starbucks franchise. The counter ended last Tuesday at RM2.03, resulting in a market cap of RM782.46 million.
Avarga Investment Pte Ltd ceased to be a significant shareholder of Energy resources of the straits Bhd (formerly Straits Inter Logistics Bhd) after selling 39.5 million shares or a 5.06% stake. After the sale, Avarga Investment was left with 38.6 million Straits Energy shares or 4.94% stake.
A wholly-owned subsidiary of Singapore-listed Avarga Ltd, Avarga Investment bought Straits Energy, which provides bunkering and related services, in early March, while its shares were trading at the 20 sen level.
Straits Energy closed last Tuesday at 17.5 sen, valuing the company at RM 140.54 million.
CIMB Commerce Trustee Bhd took four million shares through a private placement in an advertising company Seni Jaya Corp Bhd emerge as a significant shareholder with an 8.24% stake.
It is not known for whom CIMB Commerce Trustee holds the shares. Seni Jaya undertook a placement of eight million shares at RM 1.98 each, and the new shares were listed on Bursa on August 26.
There have been a number of changes at Seni Jaya over the past few months.
In July, Datuk Seri Anne Teo, the company’s second largest shareholder with a 14.69% stake, resigned as executive chairman and took a non-executive position in the company. Appointed Executive Director of Seni Jaya in August 1994, Teo served as Managing Director of the company from March 2005 to June 2018, after which she was re-appointed as Executive Chairman.
Advertising industry veteran Jeff Cheah See Heong was named CEO in May. There have also been changes in the board of directors, as well as the company secretary, share registrar and registered address of Seni Jaya.
Teo’s sister-in-law Datin Lee Nai Yee, a non-executive, non-independent director, is the company’s largest shareholder with a 17.03% stake.
Seni Jaya closed last Tuesday at RM 2.15, giving the company a market value of RM 104.35 million.
At cabinetmaker and real estate developer SYF Bhd Resources, CEO Datuk Seri Ng Ah Chai sold 66 million shares or an 11.6% stake, reducing his stake to 136.2 million shares or 23.94%.
The stock hit a three-month high at 44 sen on September 8, but has since slipped to close at 38.5 sen last Tuesday, which values the company at RM 221 million.
During the week under review, Amanah Saham Bumiputera – one of the funds of the state-controlled trust company Permodalan Nasional Bhd – sold 35.62 million shares of Petronas Chemicals Bhd Group, reducing its stake to 447.59 million shares or 5.59%. At the end of August, Amanah Saham Bumiputera held 6.06% of the capital, or 485.16 million shares of Petronas Chemicals.
Trading in Petronas Chemicals shares has been volatile. From RM 8.30 on August 30 – the highest since March – the stock price fell 4.58% or 38 sen to close at RM 7.92 last Tuesday.
Over the past six months, the share price of Dataprep Holdings Bhd fell about 68% from RM 3.79 in mid-March to RM 1.19 at last Tuesday’s close. During the week under review, Wardah Communication Sdn Bhd, the vehicle of businessman Tan Sri Muhammad Ikmal Opat Abdullah, sold 14 million Dataprep shares, reducing Ikmal’s stake to 44.9% or 300.85 million shares.
Dataprep’s market capitalization is approximately RM797 million.