This article first appeared in Capital, The Edge Malaysia Weekly on October 20, 2025 - October 26, 2025

Between Oct 6 and 10, notable filings at Bursa Malaysia-listed companies included that of Compugates Holdings Bhd (KL:COMPUGT), which saw Sierra Bonus Sdn Bhd cease to be a substantial shareholder after disposing of 61 million shares in a direct business deal.

Post-disposal, Sierra is likely to be left with 287.33 million shares, or 4.75% equity interest, which is just below the threshold of being a substantial shareholder. The other party involved in the deal is unknown at this juncture.

Compugates also saw its substantial shareholder and executive director See Thoo Chan acquire 600,000 shares on the open market during the week, according to Bursa filings. This raised her direct stake in the company to 9.62%, while her indirect interest — held through her spouse Goh Kheng Peow, the company’s CEO — remains at 6.27%.

NexG Bhd’s (KL:NEXG) executive chairman and CEO Datuk Abu Hanifah Noordin increased his stake in the company by 50 million shares in a direct business transaction during the week in review.

The shares were transacted at 50 sen apiece on Oct 9, representing a 1.5 sen discount to the closing price of 51.5 sen that day. Hanifah now has a total of 484.56 million shares, of which 9.28% are directly held while 4.61% are indirectly held.

NexG has recently seen changes in its boardroom. On Oct 14, the company announced that its deputy executive chairman, Tan Sri Mohd Khirul Adib Abd Rahman, had stepped down less than six months after taking up the post.

On the same day, the company also announced in a separate filing that its executive director Datuk Puvanesan Subenthiran resigned from his position.

Bus terminal operator Perak Transit Bhd (KL:PTRANS) managing director and major shareholder, Datuk Sri Cheong Kong Fitt, was involved in several buy and sell transactions of the company’s shares.

Filings show that between Oct 6 and 10, he acquired a total of 14.84 million shares and disposed of 27.18 million shares on the open market and through an off-market deal, bringing it to a net disposal of 12.33 million for the week.

Between Oct 9 and 15, the stock was trading flat, at around 66 sen, with a year-to-date drop of 11.26%.

Meanwhile, the family of the late tycoon Tan Sri Teh Hong Piow trimmed its stake in Public Bank Bhd (KL:PBBANK) during the week in review.

Teh’s estate, via Consolidated Teh Holdings Sdn Bhd, disposed of 50 million shares, equivalent to a 0.26% stake, according to filings with Bursa. Post-disposal, the Teh family now holds 4.72 billion shares, or 22.02% equity interest, down from 22.28% as at end-February.

The Teh family is required to gradually reduce its stake to 10% within five years through a restricted offer for sale to comply with the Financial Services Act.

The share price of NuEnergy Holdings Bhd (KL:NHB) has gained 11.7% to 66.5 sen from 59.5 sen between Oct 3 and 10.

It is worth highlighting that NuEnergy received a general mandatory offer from its shareholder Agrobulk Holdings Sdn Bhd on Aug 18 at an offer price of 60 sen per share.

The offer was deemed “not fair” by its independent advisers, as it is 47% below the estimated fair value of RM1.13. However, the advisers said the offer is “reasonable” since it is 20% above the last traded price on Aug 5 and 4% to 5% higher than recent average prices.

Filings with Bursa show that BT Investment Capital Ltd accepted the general offer and gave up 21.54 million shares in NuEnergy, thereby ceasing to be a substantial shareholder on Oct 3.

The offer closed on Oct 9, with Agrobulk increasing its stake to 57.99% in the company.

The share price of Scope Industries Bhd (KL:SCOPE) has declined 11.5% to 11.5 sen on Oct 10 from 13 sen on Oct 6.

The electrical and electronics component manufacturer saw selling pressure on the stock on Oct 9, with trading volume increasing substantially to 28.7 million shares on that day, pushing the stock down to close at 10.5 sen from 13.5 sen a day earlier.

The decline coincided with the news that China was tightening its rare earth export controls on Oct 9, which heightened concerns of the US-China tariff war and roiled markets, especially the technology sector.

Filings with Bursa show that Scope chairman and substantial shareholder Lee Min Huat took the opportunity and accumulated shares on Oct 9, both on the open market and in an off-market deal.

Lee picked up 476,300 shares on the open market at 12.6 sen each and acquired 31.96 million shares in an off-market deal at 10 sen per share. Post-acquisition, Lee holds a 15.96% direct stake in the company against 8.51% two month ago.

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