This article first appeared in Capital, The Edge Malaysia Weekly on December 1, 2025 - December 7, 2025

Between Nov 17 and 21, one of the most significant shareholding changes on Bursa Malaysia occurred at NexG Bhd (KL:NEXG), formerly Datasonic Group Bhd. The company’s former executive deputy chairman, Tan Sri Mohd Khairul Adib Abd Rahman, transferred 140 million shares, representing about 4% of shareholding, from his vehicle Kuantum Juang Sdn Bhd to his other vehicle Skyelimit Alliance Sdn Bhd.

A filing with Bursa Malaysia shows that Mohd Khairul, 63, owns a total of 561.7 million shares, or a 16.09% stake in NexG. He stepped down on Oct 14 after less than a year in the position “to pursue other interests”.

Mohd Khairul was appointed an independent non-executive director in November 2024 and was later redesignated as executive deputy chairman on March 28, 2025. He is currently a board member of Westports Holdings Bhd (KL:WPRTS) and previously served as director general of the Public Service Department from October 2019 to January 2022.

On Oct 31, Mohd Khairul raised his stake in NexG by 4.31% to 16.96% via Skyelimit Alliance.

Subsequently, on Nov 14, he sold 30 million shares held under Kuantum Juang in a direct business transaction.

Meanwhile, privately held RYRT Holdings Sdn Bhd, the vehicle of Central Global Bhd (KL:CGB) executive director Lee Chee Vui, has reduced its stake in the company.

On Nov 20, RYRT sold 6.25 million shares, or a 0.7% stake, in Central Global via an off-market transaction. Subsequently, RYRT converted some of its warrants into two million ordinary shares to take its total shareholding to 10.16%.

RYRT has been trimming its stake in the manufacturing and construction company since July 10, from 13.33% in mid-January this year.

Central Global’s largest shareholder is its managing director, Chew Hian Tat, who owns a 24.79% direct stake and 6.47% indirect stake. Last Thursday, Central Global closed at 90 sen for a market capitalisation of RM763.7 million.

Elsewhere, the Employees Provident Fund (EPF) continues to pare down its stake in automotive company Bermaz Auto Bhd (KL:BAUTO), which distributes the Mazda marque.

Filings with Bursa Malaysia between Nov 17 and 21 show that EPF sold 38.48 million shares in Bermaz Auto, paring its shareholding to 77.74 million shares, or a 6.81% stake, against a 13.46% stake held earlier this year. The sale came at a time when Bermaz Auto posted disappointing quarterly earnings as it faces stiff competition from Chinese automakers.

Bermaz Auto reported an 88.21% year-on-year drop in net profit to RM8.28 million in the first quarter ended July 31, 2025 (1QFY2026) from RM70.22 million, on the back of a 41.94% y-o-y drop in revenue to RM491.28 million from RM846.18 million. Its share price has declined more than 63% this year, shaving almost RM1.25 billion off its market capitalisation.

EPF also pared its stake in electronic manufacturing services (EMS) provider VS Industry Bhd (KL:VS), disposing of 25.4 million shares between Nov 17 and 21 to reduce its holding to 9.47%.

The Johor-based company’s share price has tumbled 57.2% this year to 47.5 sen last Thursday, giving it a market capitalisation of RM1.83 billion.

VS Industry executive chairman and its largest shareholder Datuk Beh Kim Ling and his son and executive director Beh Chern Wei have been disposing of shares in various transactions since Aug 25, trimming their direct holdings to 2.38% and 2.19% respectively. Kim Ling owns a 7.29% indirect stake in the company and was its single-largest shareholder, with a 14.98% stake, as at Oct 30 last year.

In October, managing director Datuk Gan Sem Yam emerged as a substantial shareholder after acquiring 29 million shares via an off-market transaction. Following the acquisition, Gan’s direct stake in VS Industry rose to 4.98%, with an additional 0.68% held indirectly.

Meanwhile, Cyberjaya Education Group Bhd (KL:CYBERE) managing director Maha Ramanathan Palan has been mopping up shares since the beginning of the year. His stake in the education group rose from 0.91% in early January to 3.78% as at Nov 25.

Maha is the son of Cyberjaya Education founder Tan Sri Dr R Palan, who owns a 60.09% stake in the company through Special Flagship Holdings Sdn Bhd.

Cyberjaya Group’s share price has risen 17% this year and 46% over the past year to 96 sen last Thursday, giving it a market capitalisation of RM165.3 million.

Maha is also managing director of SMRT Holdings Bhd (KL:SMRT). 

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