Lembaga Tabung Haji has made a notable return as a substantial shareholder of SKP Resources Bhd after more than a decade, signalling renewed interest in the Johor-based electronic manufacturing services company.
According to a filing with Bursa Malaysia on Friday, Tabung Haji purchased 500,000 shares on February 12, representing a 0.03% stake, which increased the fund’s total shareholding in SKP Resources to 5.028%. Just days later, the pilgrimage fund acquired an additional 1 million shares, bringing its stake to 5.092%, or 79.56 million shares.
Tabung Haji first appeared as a substantial shareholder in SKP Resources back in February 2013, when its holding peaked at 10%. However, the same year saw SKP Resources removed from the Securities Commission Malaysia’s list of Shariah-compliant securities in November, before being re-included in the 2014 review.
In its 2014 annual report, dated August 1, 2014, Tabung Haji was not listed among the company’s top 30 shareholders. The fund later reappeared in the top 30 list in the 2018 annual report disclosure dated June 29, 2018, with a 1.47% stake, and steadily increased its shareholding over subsequent years.
SKP Resources’ other substantial shareholders include the Gan family with a 40.23% stake, the Employees Provident Fund with 13.39%, Abrdn with 10.48%, and the Retirement Fund (Incorporated) (KWAP) with 9.28%, highlighting the company’s diversified investor base.
Shares of SKP Resources closed unchanged at 50.5 sen on Friday, giving the company a market valuation of RM773.55 million.
The recent acquisitions by Tabung Haji underscore the fund’s renewed confidence in SKP Resources, reflecting a broader trend of institutional investors actively managing and expanding their holdings in established Malaysian companies. Analysts note that the fund’s move could signal potential long-term strategic interest in the company as it continues to navigate the competitive electronics manufacturing sector.
