MAIN Market-listed one-stop provider of sustainable energy and engineering solutions, Kinergy Advancement Bhd (KAB) (formerly Kejuruteraan Asastera Bhd) has found a new substantial shareholder in Datuk Gan Kong Hiok.
The enterprising businessman had acquired 63.33 million shares in KAB on July 24 through a direct business transaction to raise his shareholding level to 128.61 million shares which are equivalent to a 6.05% stake, according to a Bursa Malaysia filing today (July 28).
Widely recognised within Malaysia’s corporate circles for his disciplined investment philosophy and a strong commitment to long-term value creation, Gan had previously served as executive director and managing director at PK Resources Bhd, significantly contributing to its expansion until his stepping down in 2007.
A graduate of University of Aston and Oxford, Gan is currently involved prominently as a major investor and board member in several reputable companies, including Nextgreen Global Bhd – a leading green technology enterprise in Malaysia where he holds over a 12% stake.
Known for his strategic patience, steady accumulation approach and a strong conviction in transformative sectors such as green technology, Gan exemplifies an investment philosophy centred on companies with long-term growth trajectories.
Gan’s pursuit of businesses with sustainable growth potential reinforces confidence in KAB’s strategic direction and strengthens its position within its respective industry.
At the close of today’s trading, KAB was unchanged at 33 sen with 3.19 million shares traded, thus valuing the company at RM702 mil. – July 28, 2025
