AWC gains a new major shareholder through Mastrack’s share purchase
A change in shareholding has taken place at AWC Bhd, with Datuk Lee Kok Khee emerging as a major shareholder through his company, Mastrack Sdn Bhd. The move involved 4.91 million shares, or a 5.85% stake, as AWC continues to operate in the facilities management sector.
Highlights
- Mastrack acquired 4.91 million AWC shares, representing a 5.85% stake, in a direct transaction on Thursday, according to a Bursa Malaysia filing.
- AWC recorded a net profit of RM26.4 million and revenue of RM445.47 million for the financial year ended 30 June 2026.
- AWC shares closed 0.77% lower at 64.5 sen on Friday, giving the company a market capitalisation of RM217.2 million and drawing attention to its shareholding structure.
This article was translated from the original. Read the original version by our correspondent here.
Transaction details and Bursa filing
As reported by The Edge Malaysia, citing a filing with Bursa Malaysia, Mastrack acquired 4.91 million AWC shares, representing a 5.85% stake, in a direct business transaction on Thursday.Lee, the former chief executive officer of Atlan Holdings Bhd, became a major shareholder in AWC following the purchase. Previously, he held a direct 0.327% stake in AWC.
Lee stepped down as Atlan’s group chief executive officer just over a month ago to take on the role of group adviser, after leading the company for slightly more than a year.
AWC’s performance and market implications
AWC, which provides facilities management services, recorded a net profit of RM26.4 million and revenue of RM445.47 million for the financial year ended 30 June 2026.AWC shares closed half a sen, or 0.77%, lower at 64.5 sen on Friday, giving the company a market capitalisation of RM217.2 million. The emergence of a new major shareholder has drawn investor attention to the company’s shareholding structure and potential future corporate direction.
Our earlier coverage of AWC’s data centre subcontract highlighted how its wholly owned subsidiary, Qudotech, secured a RM40 million subcontract for plumbing and sanitary works at a hyperscale data centre facility in Negeri Sembilan, with completion scheduled for October 2027. We also explained that the contract adds to AWC’s order book in the data centre and mechanical works segments, providing context for investor interest in the company’s business direction and share performance.
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