KUALA LUMPUR: MMAG Holdings Bhd said Datuk Seri Farhash Wafa Salvador has ceased to be a substantial shareholder following the disposal of shares. In a filing with Bursa Malaysia, the integrated supply chain management provider said Farhash disposed of his entire 462 million ordinary shares at 18.9 sen apiece via a direct business transaction on Dec 31, 2025, resulting in the cessation of his substantial shareholding. Farhash emerged as a substantial shareholder of MMAG in March 2025 after acquiring a 20% stake in the group. In a separate filing, MMAG said Farhash, 44, has also resigned as its non-independent, non-executive chairman to pursue personal commitments. MMAG shares closed flat at seven sen, with 16.64 mil shares traded.

Source: The Star January 05, 2026 12:10 UTC