Systech Bhd executive chairman Datuk Ong Theng Soon has increased his stake in the e-business and cybersecurity firm to 4.71%.
In a Bursa Malaysia filing on Friday, the group said Ong acquired 15.72 million shares, representing a 2.22% stake, via a direct business transaction on April 7. The shares were purchased at 9.5 sen each, for a total consideration of RM1.49 million.
Ong first emerged as a shareholder in October 2025, shortly after his appointment as executive chairman, when he acquired 17.2 million shares or a 2.62% stake. He subsequently bought an additional 400,000 shares in November, raising his interest to 2.68%.
Meanwhile, his spouse, Liew Su-Wen, had also built up a significant stake in Systech before gradually trimming her holdings in early 2026.
Liew initially acquired 17 million shares (2.59%) on Oct 17, 2025, and quickly increased her stake by purchasing another 27 million shares (4%), bringing her total interest to 6.69% and making her a substantial shareholder. She continued to accumulate shares, adding a further 27.54 million shares on Oct 27 to reach a peak stake of 10.88%.
However, from December onwards, Liew began reducing her holdings. She disposed of 3.5 million shares on Dec 18, lowering her stake to 9.63%, followed by additional disposals totalling 33.6 million shares in January, which reduced her interest to 4.87%.
In February, she briefly increased her stake to 5.08% after acquiring 1.48 million shares, but subsequently pared down her holdings again on March 10 by disposing of 4.85 million shares. This brought her stake to 4.39%, below the 5% threshold required to be classified as a substantial shareholder.
On the market front, Systech shares closed unchanged at 16 sen on Friday, giving the group a market capitalisation of RM113.5 million. The stock has gained approximately 10% year-to-date.
