Sersol’s director regains major stake

PETALING JAYA: Sersol Bhd’s executive director Datuk Mohamed Suffian Awang has reemerged as its largest shareholder, after acquiring a 13.671% stake in the company.

In a filing with Bursa Malaysia, the industrial paint manufacturer said Mohamed Suffian acquired 100 million Sersol shares for RM500,000 via IceAge Property Sdn Bhd in an off-market transaction on June 12.

Sersol said the block of shares was acquired from Jessie Lim Me Xian, who ceased to be a substantial shareholder following the disposal of her entire stake.

For the third quarter ended March 31, 2025, Sersol’s net loss widened to RM1.14mil from a net loss of RM893,000 in the previous corresponding period, while revenue dipped to RM3mil from RM4.39mil a year earlier.