Theta Edge Bhd’s largest shareholder, Lembaga Tabung Haji, has sold its entire 27.28% stake in the ICT solutions company, according to Bursa Malaysia filings on Tuesday (Jan 6).
The sale confirms a report by The Edge on Jan 2, which noted that an off-market transaction of similar size in the company aligned with Tabung Haji’s shareholding. The exit marks the pilgrimage fund’s complete divestment from Theta Edge.
The buyer of the stake, Stealth Solutions Sdn Bhd, has now become the company’s largest shareholder. Stealth Solutions is 75%-owned by Datuk Amrul Hisyam Alias and 25% by Norul Azwani Mohd Hanafi, according to records with the Companies Commission of Malaysia. The company operates in the telecommunications tower sector, with Amrul Hisyam serving as its group executive chairman.
The 27.28% stake sold comprised 32.18 million shares and was transacted on Jan 2 via an off-market sale. While the transaction price was not disclosed in the Bursa filing, Bloomberg off-market data indicates that the shares were sold in a single block at 90 sen per share, representing a 23.3% premium to Theta Edge’s closing price of 73 sen on the same day. The total value of the transaction was approximately RM28.96 million.
Tabung Haji has been a substantial shareholder of Theta Edge, formerly Lityan Holdings Bhd, since 2000. Its stake peaked at 68.7% in 2015 and remained there until March 2021, when it sold 32.5 million shares, equivalent to a 30.3% stake at that time.
Following the sale to Stealth Solutions, Theta Edge’s other major shareholder is Tan Sri Vincent Tan’s Berjaya Group, which holds 15.38% through REDtone Digital Bhd. Two other substantial shareholders, Threadstone Capital Sdn Bhd and Hilary Fernandez, had previously exited their holdings in May and August 2025, respectively.
In a separate development, Theta Edge also announced the resignation of Nik Johaan Nik Hashim and Datuk Dyg Sadiah Abg Bohan as non-independent and non-executive directors on Tuesday.
On the open market, Theta Edge shares ended 0.5 sen or 0.68% higher at 74.5 sen, giving the company a market capitalisation of RM87.89 million.
The off-market sale not only represents a significant exit for Tabung Haji after more than two decades of investment but also highlights Stealth Solutions’ strategy to expand its presence in the ICT and technology solutions sector through strategic share acquisitions.
