KUALA LUMPUR (April 9): Australia-listed PRL Global Ltd has ceased to be a substantial shareholder of United Malacca Bhd (KL:UMCCA) following the disposal of a 3.78% stake in the plantation group. Post-disposal, PRL Global retains 5.083 million shares or 2.42% interest in United Malacca. PRL Global, which processes rock phosphate on Christmas Island, counts Prosper Trading Sdn Bhd — the Tee family’s investment vehicle — as a substantial shareholder with a 10.34% stake. Subsequent filings showed that the Tee family had increased its equity interest in United Malacca to reach 31.9% as at July 31, 2025. United Malacca, founded in 1910 by Tun Tan Cheng Lock, has seen through three-generation of family interests.

Source: The Edge Markets April 09, 2026 10:53 UTC