KUALA LUMPUR, NexG Bhd, formerly known as Datasonic Group Bhd, saw its former executive deputy chairman Tan Sri Mohd Khairul Adib Abd Rahman raise his stake in the company by 4.31%, cementing his position as the group’s largest shareholder.
Former NexG Bhd executive deputy chairman Tan Sri Mohd Khairul Adib Abd Rahman increased his stake in the company by 4.3% to 16.96% through his vehicle, Skyelimit Alliance Sdn Bhd, according to a bourse filing.
According to NexG’s filing with Bursa Malaysia, Mohd Khairul Adib’s private vehicle, Skyelimit Alliance Sdn Bhd, acquired 150.34 million shares — equivalent to a 4.31% equity interest — through a direct business transaction on Friday. The purchase raised his total shareholding to 16.96%.
While the filing did not disclose the transaction value, Bloomberg off-market data indicated that the shares changed hands at 40 sen apiece, amounting to RM60.14 million. The acquisition price represents a 5.3% premium over NexG’s closing price of 38 sen on the same day.
Skyelimit holds a 12.09% stake in NexG, forming the bulk of Mohd Khairul Adib’s shareholding, while the remainder is owned through Kuantum Juang Sdn Bhd. Companies Commission of Malaysia (SSM) records show Skyelimit is wholly owned by Mohd Khairul Adib, whereas Kuantum Juang is 99.9% held by RHB Trustees Bhd.
Following this latest acquisition, Mohd Khairul Adib has overtaken executive chairman and group chief executive officer Datuk Abu Hanifah Noordin, who currently owns a 13.89% stake, as the company’s largest shareholder.
Mohd Khairul Adib stepped down from his executive deputy chairman role on Oct 14 to pursue other interests. He first joined NexG’s board in November 2024 as an independent non-executive director before being redesignated as executive deputy chairman in March 2025.
Before his corporate stint, Mohd Khairul Adib served as the director general of the Public Service Department (JPA) from October 2019 to January 2022.
NexG shares closed unchanged at 38 sen on Friday, giving the group a market capitalisation of RM1.39 billion.
