KUALA LUMPUR (Jan 13): Velocity Capital Partner Bhd (KL:VELOCITY) has sold off its entire 6.46% stake in MMAG Holdings Bhd (KL:MMAG) for RM9.43 million, citing exposure to further downside risks. Velocity Capital noted its executive director See Toh Kean Yew sits on MMAG’s board as a non-interested and non-executive director, as the company’s board representative. Future Star’s MMAG shares were tied to Velocity Capital’s moneylending arm, Velocity Capital Sdn Bhd. Previously, Farhash’s holdings were also parked under a pledged securities account with Velocity Capital. Shares in Velocity Capital were unchanged at 4.5 sen at the noon break, valuing the company at RM55.95 million.

Source: The Edge Markets January 13, 2026 06:14 UTC