A history of identity changes and business pivotsThe name Velocity Capital is the group’s seventh since it was listed. According to its annual report, Velocity Capital lists a number of subsidiaries operating in different segments, including in haulage services, IT solutions, manufacturing of packaging, and electric vehicle sales. Datuk Fam Chee Way is now the largest shareholder in Velocity Capital with a 28.79% stake held via DB Atlantic Capital (M) Bhd. Velocity shares jumped in early 2025According to SSM documents, Azam Baki held 17.7 million Velocity Capital shares as at Feb 2, 2025, amounting to 1.38% of the group’s share base. Both Velocity Capital and Farhash subsequently sold their MMAG shares at a loss.

Source: The Edge Markets February 10, 2026 13:55 UTC