Magma Group Berhad (“Magma” or the “Group”), a Malaysian conglomerate and investment holding entity rooted in hospitality, with an expanding presence in property development and related sectors, today announced a change in the composition of its substantial shareholders following the successful allotment of consideration shares pursuant to the Proposed Acquisition approved by shareholders at the Extraordinary General Meeting (“EGM”) on 21 March 2025. This development marks the formal entry and variation in interest of several strategic investors, further strengthening the Group’s capital structure and aligning with its long-term corporate direction.
Following the allotment, Skyload Express Sdn. Bhd. (“Skyload”) has emerged as a direct substantial shareholder, holding 120,000,000 ordinary shares or 7.697% of Magma’s total issued share capital. In relation to the same exercise, Empire Solaris Sdn. Bhd. (“Empire Solaris”) became a substantial shareholder through an indirect interest in the same number of shares.
Among individual investors, Datuk Wira Lee Chong Wei has acquired a direct interest in 26,500,000 ordinary shares (1.700%) and an indirect interest in 127,000,000 ordinary shares (8.146%). Meanwhile, Mr. Lee Kim Hai now holds an indirect interest in 120,000,000 ordinary shares (7.697%).
Dato’ Sri Lee Hock Seng, already a substantial shareholder, has seen an increase in his deemed interest. He now holds a direct interest of 120,800,000 ordinary shares (7.748%) and an indirect interest of 182,000,000 shares (11.673%), bringing his total interest to approximately 19.421% of the Group’s issued capital. These shareholding changes are a direct outcome of the consideration share allotments to Skyload under the acquisition exercise.
Commenting on the development, Dato’ Sri Thomas Liang Chee Fong, Group Managing Director of Magma Group Berhad, said:
“We are pleased to welcome Skyload Express Sdn. Bhd., Empire Solaris Sdn. Bhd., Mr. Lee Kim Hai, and Datuk Wira Lee Chong Wei to the Magma family. Their presence not only signals a pivotal moment in our corporate journey but also reinforces our shared vision for long-term value creation. We are confident that their support will further accelerate our efforts in strengthening Magma’s fundamentals across hospitality and property ventures.”
This evolving shareholder composition reflects growing investor confidence in Magma’s strategic realignment and leadership direction. The enhanced involvement of both corporate and individual investors underscores a firm belief in the Group’s growth trajectory, anchored in its commitment to delivering excellence across its core business pillars.
