EPF emerges as substantial shareholder in ITMAX

KUALA LUMPUR (March 6): The Employees Provident Fund (EPF) has emerged as a substantial shareholder of ITMAX System Bhd (KL:ITMAX), following its latest acquisition of shares in the smart city integrated systems and solutions provider.

The pension fund’s shareholding crossed the 5% disclosure threshold after acquiring one million shares, equivalent to a 0.097% stake, on Tuesday (March 3), according to ITMAX’s bourse filing on Friday.

The latest purchase bumped the fund’s total stake in ITMAX to 5.005%, representing 51.84 million shares.

ITMAX’s largest shareholder is Tan Sri Tan Boon Hock, who controls 48.413% via Sena Holdings Sdn Bhd. His son, ITMAX managing director and CEO William Tan Wei Lun, is also deemed a substantial shareholder via Sena.

For the financial year ended Dec 31, 2025 (FY2025), ITMAX saw its net profit rise 16.4% year-on-year to RM93.54 million, as revenue grew 12.1% to RM246.97 million.

Shares in ITMAX ended eight sen or 1.72% lower at RM4.58, valuing the company at RM4.74 billion.