This article first appeared in Capital, The Edge Malaysia Weekly on April 20, 2026 – April 26, 2026

Notable filings

Notable filings of shareholding changes for the period between April 6 and 10 include that of Kumpulan Wang Persaraan (Diperbadankan) (KWAP) buying more shares in IJM Corp Bhd (KL:IJM) after Sunway Bhd (KL:SUNWAY)’s takeover bid fell through.

Filings show that KWAP, also known as the Retirement Fund (Incorporated), bought 6.5 million shares on April 8 and 9 to bring its holding to 344.4 million shares or 9.83%. At the time of writing, KWAP had further raised its stake by 5.56 million shares on April 13 and 14 to 349.97 million shares or 9.98%.

As at April 14, KWAP had 12.06 million shares or 0.34% more than the 337.9 million shares or 9.64% stake that it had in IJM on Jan 9, before Sunway made a takeover bid for IJM on Jan 12. Sunway offered RM3.15 per IJM share — of which only 10%, or 31.5 sen, was in cash and the rest in 0.501 new Sunway shares issued at RM5.65 each without entitlement to Sunway Healthcare. The bid failed after securing an acceptance rate of only 33.43% at 5pm on April 6.

At the time of writing, the Employees Provident Fund had yet to make additional purchases following the failed bid. The EPF had 719.37 million shares or a 20.52% stake as at March 3, about 73.36 million shares or 2.09% more than the 646.01 million shares or 18.43% stake it had in IJM on Jan 9.

Notable movements


Closing at RM5.91 on April 15, the share price of connectivity and telecommunications solutions provider TIME dotCom Bhd (KL:TIMECOM) was down 3.6% from its recent high of RM6.13 on March 18.

However, the price was still up 7.4% year to date and just above the RM5.80 apiece that Khazanah Nasional Bhd had likely sold 57.9 million shares or a 3.13% stake on April 8, going by the price at which large blocks of shares were transacted at that day, stock market data shows. The largest of the 27 off-market trades was 17.4 million shares, with 15 other trades ranging between one million and 5.5 million shares, Bloomberg data shows. TIME shares traded at between RM5.89 and RM6 before closing at RM5.89 on the open market that day.

Khazanah only holds 0.002% or 27,690 shares in TIME directly, having trimmed its holding over several tranches since at least 2023. Khazanah had sold just over 7% of TIME over several tranches in the past year, including 70 million shares on Dec 19, 36.15 million shares on Oct 1, and 25 million shares on July 1.

Khazanah still had a 10.04% indirect stake in TIME following the latest disposal, mainly held through its associate Pulau Kapas Ventures Sdn Bhd (PKV), which is controlled by Global Transit International Sdn Bhd (GTI).

An April 10 filing shows TIME executive vice-chairman Afzal Abdul Rahim buying two million shares on April 8, raising his direct stake to 186.57 million shares or 10.09% equity interest. He is also deemed interested in 189.91 million shares or a 10.27% stake via GTI, PKV and Megawisra Investments Ltd.

Afzal bought one million TIME shares on Dec 19, 2025, at RM5.38 per share, separate filings show. Khazanah partnered GTI in 2008 to reinvigorate TIME, with Afzal relinquishing his position as GTI CEO to become CEO of TIME.

Meanwhile, shares of digital infrastructure provider Zetrix AI Bhd (KL:ZETRIX) closed at 79 sen on April 15, down 7.6% from its recent high of 85.5 sen on Feb 19 but up 15.3% from its recent low of 68.5 sen on Feb 6.

Founder Wong Thean Soon bought 8.03 million shares for RM6.01 million or an average of 74.86 sen each, between April 7 and 10, raising his direct interest to 1.19 billion shares or a 14.97% stake. He is also deemed interested in 1.16 million shares or 14.6%, filings show.

Formerly known as My EG Services Bhd, Zetrix is mulling the listing of its AI unit — AI Foundation Lab — on Nasdaq by year-end, Bloomberg reported on Feb 25, citing Wong, after the company raised about US$40 million (RM155.4 million) from the International Finance Corp (IFC), the World Bank’s investment arm.

On April 14, Zetrix and the China Academy of Information and Communications Technology (CAICT) unveiled a blockchain-based trust protocol for agentic artificial intelligence agents, Avatar, pitching the platform as critical infrastructure for an emerging “agentic economy”, in which AI systems act, transact and communicate on behalf of people and companies. According to its media release, Avatar allows individuals and enterprises to create “digital twins”, which can then interact with other AI agents or online systems, to carry out tasks with a verified identity layer and access to digital credentials and assets.

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