This article first appeared in Capital, The Edge Malaysia Weekly on November 10, 2025 - November 16, 2025

During the week of Oct 27 to 31, notable shareholding changes at Bursa Malaysia-listed companies included those at Hextar Capital Bhd (KL:HEXCAP), which saw Sarawak-based T & J Assets Holdings Sdn Bhd cease to be a substantial shareholder.

According to filings, T & J Assets disposed of 7.5 million shares in the fibre optic cable manufacturer, formerly known as Opcom Holdings Bhd, via direct business transactions on Oct 28. The transacted price was not disclosed, but the counter closed at 21 sen on the open market on Oct 28, which works out to a total of RM1.58 million for the share sale. Shares in Hextar Capital have fallen 40% so far this year to close at 21 sen last Wednesday, valuing the group at RM119 million.

It is worth noting that T & J Assets has been offloading its shares in Hextar Capital since August. On Aug 12, it had 53.72 million shares or an 11.03% stake. It has been a substantial shareholder of Hextar Capital since March 2023, when it acquired 77.03 million shares or 20.06% equity interest via a special issue. This follows Hextar Capital’s, then known as Opcom Holdings, acquisition of T&J Engineering Sdn Bhd from T&J Assets for about RM90 million in September 2022, allowing it to diversify into the telecommunication network infrastructure solutions business.

More recently, Hextar Capital said it plans to diversify into the construction and project management business after securing a RM97 million subcontract for the construction of student hostels for Universiti Malaysia Kelantan from Landasan Kapital (M) Sdn Bhd in April last year.

Meanwhile, Hextar Capital, via its wholly owned unit Opcom VC Sdn Bhd, upped its stake in Binasat Communications Bhd (KL:BINACOM), raising its equity interest in the telecommunications support service provider to 29.82% as at Nov 5. Hextar Capital acquired 24.71 million shares or 4.09% via a direct business transaction that day, according to exchange filings.

Hextar Capital’s largest shareholder is businessman Datuk Eddie Ong Choo Meng of Hextar Group, who held a direct stake of 27.65% or 129 million shares as at March 11, 2025.

At Dataprep Holdings Bhd (KL:DATAPRP), its largest shareholder Datuk Shamshuri Abdul Majid continued to mop up shares in the information technology services provider, acquiring a total of 18 million shares in eight separate blocks on the open market during the week in review. As at Oct 27, he held a direct stake of 14.41% or 120.52 million shares in Dataprep.

The value of the transactions was not disclosed. Shares in Dataprep have fallen 21% so far this year to close at 11 sen last Wednesday, valuing the group at RM92 million.

Shamshuri emerged as a substantial shareholder of Dataprep after acquiring 38.16 million shares or 5.16% equity interest on July 10 last year. Shamshuri is also the managing director of Mizou Holdings Sdn Bhd, a company specialising in agricultural machinery designed for oil palm plantations. In April that year, Widad Group Bhd (KL:WIDAD) founder and executive deputy chairman Tan Sri Muhammad Ikmal Opat Abdullah ceased to be a substantial shareholder of Dataprep.

Over at Kretam Holdings Bhd (KL:KRETAM), its largest shareholder and CEO Datuk Lim Nyuk Sang @ Freddy Lim disposed of a total of 69.8 million shares at 75 sen apiece or RM52.4 million in three separate blocks off-market on Oct 30. Post-disposals, Lim’s stake in the Sabah-based palm oil plantation company dropped to a direct stake of 808.71 million shares or 34.74% and an indirect stake of 394.25 million shares or 16.94%.

On the same day, Jeng Huat (Bahau) Realty Sdn Bhd acquired 69.83 million shares in Kretam through a direct business transaction, bringing its total shareholding to 186.28 million shares or 8%. Jeng Huat (Bahau) Realty became a substantial shareholder in Kretam on June 13, when it acquired 116.45 million shares or 5% equity interest in the company.

According to company search data, Jeng Huat (Bahau) Realty is a part of a consortium that makes up Kretam’s second-largest shareholder. The consortium is led by DCAH Holdings Sdn Bhd, along with individuals Chiong Kiau and Chiong Hang Leong. Jeng Huat (Bahau) Realty is the private vehicle of Chiong Kiau.

The consortium acquired 232.95 million shares, representing 10% of Kretam’s equity, through direct business transactions.

DCAH Holdings is jointly owned by Teo Soh Ling and Chiong Sin Yee.

Shares of NexG Bhd (KL:NEXG), formerly known as Datasonic Group Bhd, plunged 45.63% to 28 sen last Tuesday from the 52 sen level on Oct 10 for a market capitalisation of RM1.11 billion. This prompted Bursa Securities to issue the security-based ICT solutions provider with an unusual market activity (UMA) query requesting clarification on whether there was any corporate development, rumour or other reason behind the sharp fall in share price amid increased trading volume last Tuesday.

The next day, NexG responded to the UMA by saying that it was “not aware of any corporate development nor any change that may account for the sudden sharp fall in the company’s share price” nor of “any other possible explanation to account for the trading activity”.

On Oct 31, Skyelimit Alliance Sdn Bhd (formerly known as Skyelimit Property Sdn Bhd) acquired 150.3 million shares or a 4.31% stake in NexG via a direct business transaction, bringing the latter’s shareholding to 421.7 million shares or 12.1%.

Skyelimit Alliance is the private vehicle of former NexG executive deputy chairman Tan Sri Mohd Khairul Adib Abd Rahman, who stepped down from his board post in early October.

The company recently drew attention after securing RM2.5 billion worth of government contracts since August — including supplies of Malaysian passports, identity cards, driving licence consumables and foreign worker cards. Four board members resigned in mid-October, citing personal reasons: executive deputy chairman Tan Sri Mohd Khairul Adib Abd Rahman, executive director Datuk Puvanesan Subenthiran, and independent directors Datuk Seri Mohd Sopiyan Mohd Rashdi and Datuk Zainal Abidin Abu Hassan.

Meanwhile, the share price of oil and gas outfit Hibiscus Petroleum Bhd (KL:HIBISCS) has fallen by 22.15% since June 23, closing last Thursday at RM1.42 for a market capitalisation of RM1.05 billion.

Businessman Datuk Michael Tang Vee Mun has been increasing his shareholding in the company, acquiring a total of 989,100 shares on the open market during the week in review to bring his equity interest to 100.29 million shares or 13.6%. 

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