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PETALING JAYA (Feb 20): IOI Properties Group Bhd group chief executive officer and substantial shareholder Datuk Lee Yeow Seng has acquired an additional 9.4 million ordinary shares in the company via the open market during the closed period, extending his share accumulation this week.
In filings on Friday, the company said Lee purchased the shares on Feb 19 at RM3.645 per share, representing 0.171% of the total voting shares.
The latest acquisition follows his earlier purchase of 10,690,300 shares on Feb 16, disclosed in filings on Thursday.
Following Thursday's transaction, Lee’s direct interest increased to 96,021,900 shares (1.744%), up from 86,621,900 shares previously. His indirect or deemed interest stood at 3,616,208,741 shares (65.676%), bringing his total interest to 3,712,085,641 shares.
Across the two transactions this week, Lee has acquired a total of 20,090,300 shares in the open market.
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The deemed interest arises by virtue of his interest in Vertical Capacity Sdn Bhd pursuant to Section 8 of the Companies Act 2016, as well as shares held by his spouse under Section 59(11)(c) of the Act.
The acquisition was disclosed under Chapter 14 of Bursa Malaysia’s Listing Requirements as dealings during a closed period, following the company’s Jan 23, 2026 notification of intention to deal. Based on the total number of voting shares of 5,506,145,375 as at Friday, the transaction further lifts his direct stake while leaving indirect holdings broadly unchanged.
EPF trims stake slightly
In a separate filing, the Employees Provident Fund (EPF) Board reported acquiring 25,000 shares and disposing of 1,725,200 shares in IOI Properties on Feb 13.
Following the transactions, EPF’s direct interest stood at 357,539,232 shares (6.493%), compared with 359,239,432 shares (6.524%) previously.
Insider purchases during a closed period are closely watched by the market, particularly when involving executive leadership and controlling shareholders.
IOI Properties remains one of Malaysia’s established property developers, with residential, commercial and mixed-use projects across key growth corridors.
Movements in substantial shareholdings—especially consecutive management acquisitions—are often interpreted as signals of internal conviction and capital positioning.
The filings do not indicate any corporate exercise or change in share capital, but reflect open-market share accumulations and disposals.
IOI Properties closed firmly higher at RM3.57, up 11 sen or 3.18% from the previous close of RM3.46. The counter opened at RM3.48 and traded within a range of RM3.45 to RM3.65 during the session.
Turnover rose to 15.99 million shares, significantly above its 30-day average volume of 9.12 million shares, indicating active participation following the latest Bursa disclosures.
The stronger finish suggests the market responded positively to the back-to-back insider purchases and shareholding updates.
The counter is now trading near its 52-week high of RM3.72, placing it among the more closely watched large-cap property names on Bursa.
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