KUALA LUMPUR, Cosmos Technology International Bhd announced that Singapore-listed MSM International Ltd has ceased to be a substantial shareholder after selling 5.13 million shares to the company’s managing director, Datuk Chong Toh Wee.
The shares were sold for RM2.02 million, or 39.43 sen each — a 12.67% premium over Cosmos Technology’s last closing price of 35 sen. Following the transaction, Chong’s shareholding rose from 38.87% to 40.87%. After the sale, MSM International holds 10.26 million shares, representing a 4% stake in Cosmos Technology.
In a separate filing, MSM International said it plans to sell another 5.13 million shares to Datuk Foong Wei Kuong, the group managing director of JF Technology Bhd, who currently owns 17.95% of Cosmos Technology. Upon completion, MSM International’s stake will drop further to around 2%.
MSM International once owned 27% of Cosmos Technology but began reducing its holdings in late 2024. In November that year, it announced the sale of a 21% stake, completed in January 2025 for RM21.24 million at 39.4 sen per share.
MSM International is an integrated metal engineering company involved in OEM manufacturing, kitchen appliances, cleanroom systems, and laboratory equipment, while Cosmos Technology focuses on fluid control equipment manufacturing and services.
For the first quarter ended July 31, 2025, Cosmos Technology recorded a net profit of RM403,000, slightly down from RM422,000 a year earlier, while revenue rose to RM4.44 million from RM4.31 million. Cosmos Technology’s shares closed unchanged at 35 sen on Wednesday, valuing the company at RM89.78 million.
