Toyo Ventures shareholders propose to take company private

KUALA LUMPUR: Major shareholders Eng Lian (L) Inc and Bukit Asa Sdn Bhd have proposed a selective capital reduction and repayment scheme to take Toyo Ventures Holdings Bhd private. The ink manufacturer said the board will present the proposal to non-interested shareholders for approval. Upon completion, all shares held by the entitled shareholders will be cancelled, leaving non-entitled shareholders as the sole equity owners.

Entitled shareholders will receive a cash repayment of RM0.28 per share held on the entitlement date. TVHB's issued share capital was approximately RM192.7 million as of October 13, 2026, comprising 165.90 million shares. The proposed SCR offers entitled shareholders an opportunity to exit and realize their investments at a premium over the current market price.

Following the exercise, the group will have greater flexibility to allocate resources towards core businesses and undertake necessary operational and strategic measures to support long-term objectives. The shareholder investment bank, RHB Investment Bank Bhd, serves as the principal adviser for the proposal. TVHB shares will resume trading on October 20, 2026, at 9 am, with trading suspended since 9.29 am. The filing noted that TVHB shares opened at 24.5 sen today, up from 24 sen the previous Friday.