IOI Properties Group Bhd has announced further open-market share purchases by its group chief executive officer and substantial shareholder, Lee Yeow Seng, extending a series of acquisitions made earlier in the week.
In a filing dated Feb 19, the company disclosed that Lee acquired 9.4 million ordinary shares at RM3.645 per share, representing approximately 0.171% of the company’s total voting shares. This purchase was carried out during the closed period and was disclosed in compliance with Bursa Malaysia’s Listing Requirements.
The latest transaction follows an earlier acquisition on Feb 16, when Lee purchased 10,690,300 shares. Across the two deals, he accumulated a total of 20,090,300 shares through the open market within the same week.
Following the latest acquisition, Lee’s direct shareholding rose to 96,021,900 shares, equivalent to 1.744% of total voting shares, up from 86,621,900 shares previously. His indirect or deemed interest remains substantial at 3.62 billion shares, translating to 65.676%. This deemed interest arises from his stake in Vertical Capacity Sdn Bhd under Section 8 of the Companies Act 2016, as well as shares held by his spouse pursuant to Section 59(11)(c) of the Act.
The filings were made under Chapter 14 of Bursa Malaysia’s Listing Requirements, following the company’s prior notification on Jan 23, 2026 regarding the intention to deal during the closed period. No corporate exercise or change in share capital was announced; the transactions reflect open-market share accumulations.
Separately, the Employees Provident Fund Board (EPF) reported acquiring 25,000 shares and disposing of 1,725,200 shares in IOI Properties on Feb 13. After these transactions, EPF’s direct interest stood at 357.54 million shares, or 6.493%, slightly lower than its previous 6.524% stake.
IOI Properties’ share price closed at RM3.57, up 11 sen or 3.18% from the previous session. Trading volume rose to 15.99 million shares, significantly above its 30-day average of 9.12 million shares, suggesting heightened investor attention following the insider dealings.
The counter is currently trading near its 52-week high of RM3.72, positioning it among the more actively watched large-cap property stocks on Bursa Malaysia.
Insider purchases during a closed period often attract close market scrutiny, particularly when involving executive leadership and controlling shareholders. Such moves are frequently interpreted as a signal of internal confidence in the company’s long-term prospects and asset pipeline.
IOI Properties remains a key player in Malaysia’s real estate landscape, with exposure to residential, mixed-use and commercial property in KL, as well as developments across Selangor’s growth corridors. For investors evaluating opportunities in industrial land in Selangor, township-driven commercial activity often strengthens surrounding demand for business premises.
As residential catchments expand, there is typically a spillover effect into demand for office space in Bukit Jalil, supporting retail components and service-based businesses. Similarly, industrial ecosystems benefit from urban growth, sustaining enquiries for a factory in Puchong and strategically positioned industrial property in Subang area.
Movements in substantial shareholdings — especially consecutive management acquisitions — can provide insight into capital positioning trends within the broader property sector, offering useful signals for those tracking both listed developers and physical real estate opportunities in Kuala Lumpur and Selangor.
Yao Mu Realty, based in Kuala Lumpur, Malaysia, specializes in industrial real estate for factories and land, delivering professional and efficient solutions.
Posted by Yao Mu Realty Sdn Bhd on 21 Feb 26
Malaysia