Farhash Wafa Salvador, the executive chairman of Key Alliance Group Bhd, became a substantial shareholder by acquiring 6.8 million shares (5.55% stake) for RM1.99 million at 29.26 sen per share on April 25, 2025. Key Alliance, a loss-making IT services provider, saw its shares close at 30 sen, up 5.3%, valuing the company at RM36.8 million. Farhash, a former aide to Prime Minister Anwar Ibrahim, was appointed chairman in January 2025, following the resignation of the previous chairman in September 2023. Roy Ho Yew Kee, the largest shareholder with a 6.17% stake, was redesignated as executive director from managing director in April 2024.
Business News
Farhash Salvador emerges as substantial shareholder in Key Alliance
Farhash Salvador, a former aide to Prime Minister Anwar Ibrahim, was appointed chairman in January 2025, following the resignation of the previous chairman in September 2023
Related stories
Stocks and Markets
Wall Street Slips as Yields Stay Elevated
Stocks and Markets
Bank Selling Drags Bursa to Fifth Straight Loss
Halal
Leave a Reply
You must be logged in to post a comment.