RHB Trustees Bhd has emerged as a substantial shareholder of Omesti Bhd after acquiring an 8.7% stake in the ICT company.
In a Bursa Malaysia filing, the trustee disclosed that it purchased 201.92 million shares on March 18. The transaction price was not revealed. The filing noted that the shares are held on behalf of the Kenanga Islamic Absolute Return Fund, which is managed by Kenanga Investors Bhd.
Although the seller was not identified, the block size closely matches shares disposed of by Kenanga Yield Enhancement Fund on March 13. Following the disposal, the fund now holds about eight million shares, representing a 0.34% stake in Omesti.
Teguh Sedaya Sdn Bhd remains Omesti’s largest shareholder with a 22.57% stake. The investment vehicle is linked to Datin Seri Yasmin Hanim Arbee Mohammed Isa Arbee and Nur Atisya Mohd Yunus. Executive director Monteiro Gerard Clair is another substantial shareholder, holding a 5.384% direct stake and a 2.865% indirect interest in the company.
Shares in Omesti rose 0.5 sen, or 6.7%, to close at eight sen on Tuesday, giving the company a market capitalisation of RM175.47 million.
