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KUALA LUMPUR, LFE Corp Bhd (KL) executive chairman and largest shareholder Chuah Chong Ewe has further strengthened his position in the construction and mechanical and electrical (M&E) services company, raising his total shareholding to 30.895%. According to the group’s filing on Tuesday, Chuah’s stake rose following the inclusion of Sierra Bonus Sdn Bhd’s 7.096% interest — amounting to 82.6 million shares — under his deemed indirect interest. The recognition of this additional block underscores Chuah’s expanding control and confidence in the company’s long-term prospects. This latest increase follows his recent move just a week earlier, when Chuah acquired an additional 50 million shares, equivalent to a 4.295% stake, in his personal capacity. Following both transactions, Chuah now holds a direct interest of 13.839% and an indirect interest of 17.056%, through several investment vehicles and his son, Chuah Chern Yang. Apart from Chuah, LFE Corp’s other key shareholders include Ng Kok Kheng, who holds a 7.53% stake, and managing director Liew Kiam Woon, who owns 7.32%. Shares in LFE Corp closed half a sen or 2.86% higher at 18 sen on Tuesday, giving the group a market capitalisation of RM203.71 million. The stock has seen active trading in recent weeks, coinciding with Chuah’s share accumulation and renewed investor attention on the company’s restructuring and growth initiatives.

KUALA LUMPUR, Omesti Holdings Bhd a substantial shareholder of Ho Hup Construction Co Bhd, has called for an extraordinary general meeting (EGM) to propose changes to the construction company’s board. Omesti, which holds a 10.4% stake in Ho Hup, is seeking shareholder approval at the EGM — scheduled for Nov 20 — to remove two existing directors, executive director Datuk Wong Kit-Leong and director Low Kheng Lun, and to appoint Ong Koon Loong and Bernard Chen Tong Liang as their replacements, according to a bourse filing on Wednesday. The ICT solutions provider is also proposing that any new appointments to Ho Hup’s board made between the date of its notice and the EGM be revoked. No rationale was provided for the proposed changes. Wong has served on Ho Hup’s board since August 2010, while Low has been a director since October 2011. Wong owns a 0.029% direct stake in the company, while Low holds 4.42% indirectly through family vehicle Low Chee Group Sdn Bhd. Omesti’s nominees bring extensive experience in corporate and financial management. Ong has two decades of expertise in audit and finance, having served as chief financial officer at Asdion Bhd and as chief risk and compliance officer at Managepay Systems Bhd. Chen, meanwhile, has over 30 years of experience in corporate finance, banking, asset management and business advisory, and has held senior roles at OCBC Bank (M) Bhd and as CEO of BIB Insurance Brokers Sdn Bhd under the Hong Leong Group. Ho Hup has been grappling with financial challenges since early this year. The company was classified as a Practice Note 17 (PN17) entity in April after its wholly owned subsidiary, Bukit Jalil Development Sdn Bhd, defaulted on RM112.69 million in loans guaranteed by Ho Hup. The group has been loss-making since 2021, with its latest financial results showing a net loss of RM275.9 million on revenue of RM2.31 million for the quarter ended June 30, 2025, primarily due to impairment charges. For the 18-month period ended June 30, 2025, Ho Hup reported a cumulative net loss of RM473.25 million on RM57 million in revenue. Ho Hup shares closed one sen or 40% lower at 1.5 sen on Wednesday, giving it a market capitalisation of RM7.77 million. Omesti shares fell half a sen or 6.25% to 7.5 sen, valuing the company at RM82.6 million.

KUALA LUMPUR, YTL Corp Bhd and YTL Power International Bhd will be seeking their shareholders’ approval at upcoming annual general meetings (AGMs) to issue share options to employees associated with their directors. In separate filings to Bursa Malaysia on Wednesday, YTL Corp said it intends to issue options to several employees linked to its directors within the group’s subsidiaries. Meanwhile, YTL Power noted that its proposal involves the issuance of options to one director-linked employee of the company. Both proposals fall under their respective employees’ share option schemes (ESOS), which collectively allow for the allocation of up to 10% of each company’s issued share capital, subject to the schemes’ terms and conditions. “The details of the proposed option issuances will be outlined in the respective AGM notices, which will be made available to shareholders in due course,” both companies said. At market close on Wednesday, YTL Corp shares fell five sen or 1.96% to RM2.50, valuing the group at RM29.09 billion. YTL Power shares slipped eight sen or 2.04% to RM3.84, giving it a market capitalisation of RM33.32 billion.

Coca-Cola is reportedly exploring the possibility of taking its Indian bottling unit public in a deal that could raise around US$1 billion, Bloomberg News reported on Friday, citing sources familiar with the matter. The company has reportedly held preliminary discussions with bankers about a potential listing of Hindustan Coca-Cola Beverages, which could value the unit at approximately US$10 billion. Coca-Cola and Hindustan Coca-Cola Beverages did not immediately respond to requests for comment. The move comes amid increasing competition in the Indian beverage market, notably from Reliance’s consumer products brand, Campa Cola. India has recently seen a surge in global companies listing their local subsidiaries. For instance, LG Electronics India, the consumer appliance arm of the South Korean firm, launched a blockbuster US$13 billion IPO this week. The potential Coca-Cola unit listing are still in the early stages, and no bankers have been formally appointed yet. If the plan moves forward, the IPO could take place next year.

PETALING JAYA, TNG Digital Sdn Bhd, the operator behind the widely used TNG eWallet, has announced the appointment of Datuk Syed Zaid Albar as its new chairman and non-independent non-executive director, effective from Oct 17, 2025. In an official statement, TNG Digital highlighted Syed Zaid’s extensive legal and corporate experience, noting that he is a seasoned lawyer with expertise spanning multiple areas, including financial services, corporate advisory, and regulatory compliance. His leadership is expected to bring strategic guidance and strong governance to TNG Digital as the company continues to expand its digital financial services footprint in Malaysia. Syed Zaid, who stepped away from active legal practice in 2018, previously served as the executive chairman of the Securities Commission (SC) until mid-2022. During his tenure at the SC, he was instrumental in strengthening governance frameworks, enhancing regulatory oversight, and promoting the development of Malaysia’s capital markets on both a domestic and international level. His contributions helped position the Malaysian capital markets as more robust and competitive globally. In addition to his new role at TNG Digital, Syed Zaid currently holds the chairmanship of CIMB Group Holdings Bhd, CIMB Bank Bhd, and Touch ‘n Go Sdn Bhd. His appointment to TNG Digital comes at a pivotal time for the company, as it seeks to leverage his wealth of experience in finance, regulation, and corporate strategy to drive innovation, improve operational excellence, and strengthen investor confidence in the rapidly evolving digital payments sector. TNG Digital said that with Syed Zaid’s appointment, the board aims to reinforce its commitment to transparency, corporate governance, and long-term strategic growth, particularly as the company looks to expand its range of digital financial products and services for Malaysian consumers.