Tan Sri Liew Kee Sin Sells 100 Million EcoWorld Shares in Two Days, Cashing Out Over RM189 Million
EcoWorld (ECOWLD 8206) Executive Chairman, Tan Sri Liew Kee Sin, sold a total of 100 million shares of the company over two trading days last week — Friday and this Monday (July 19 and 22). This represents 3.36% of the total share capital, netting approximately RM187.23 million in cash.
According to EcoWorld’s filings with Bursa Malaysia, on Monday (22nd), Liew directly disposed of 50 million shares, amounting to 1.68% of the company’s total share capital. Simultaneously, he indirectly sold 48.88 million shares via Eco World Development Holdings Sdn Bhd, representing 1.64%.
Bloomberg data indicates that Monday’s block trade was executed at RM1.89 per share — about a 10.7% discount from the day’s closing price of RM2.12 — totaling RM187.23 million in transaction value.
In addition, on Friday (19th), Liew also sold 1.12 million shares. Based on the volume-weighted average price of RM2.12 per share that day, the transaction was estimated at RM2.38 million.
After these transactions, Liew still holds an 18.62% stake in the company — 6.91% through direct ownership and 11.72% indirectly — remaining EcoWorld’s second-largest shareholder.
Currently, the largest shareholder of EcoWorld is Sinarmas Harta Sdn Bhd, holding 32.54%. This company is a wholly-owned subsidiary of Syabas Tropikal Sdn Bhd, which in turn is 99.99% owned by non-independent non-executive director Datuk Leong Kok Wah. Leong was promoted from Vice Chairman to his current position late last year.
Other significant shareholders of EcoWorld include Liew’s son and Executive Director Liew Tian Xiong (7.31%), and his wife, Puan Sri Datin Sri How Teng Teng (6.03%).
As of the first half of fiscal year 2025 (1HFY2025), EcoWorld’s net profit surged by 50.5% year-on-year to RM210.18 million, while revenue grew 29.7% to RM1.42 billion. The company also declared a dividend of 3 sen, up from 2 sen in the same period last year.
By May 31, 2025, EcoWorld had achieved RM2.99 billion in sales, hitting 85% of its full-year target, which marks a 37% increase compared to the same period last year.