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Private companies are the largest shareholders of Cloudpoint Technology Berhad (KLSE:CLOUDPT) and saw significant gains as the market cap increased by RM109 million last week.


Cloudpoint Technology Berhad, listed on the KLSE under the ticker symbol CLOUDPT, is a company that is largely controlled by private companies according to its share registry. The company’s top 3 shareholders own 57% of the shares, with insiders holding an 18% stake. This significant ownership by private companies suggests that key decisions are influenced by shareholders from the larger public.

Recent market fluctuations have seen Cloudpoint Technology Berhad’s market cap rise by RM109m, benefiting private companies. Institutional ownership of the company is low, at less than 5%, indicating that many funds have not yet invested in the company. Hedge funds also hold a minimal number of shares in the company.

The largest shareholder of Cloudpoint Technology Berhad is Era Jasakita Sdn Bhd, with a 41% ownership stake, followed by Wai Hoong Choong and Choong Cheong Yew, who each hold an 8.1% stake. These top three shareholders, who are also insiders of the company, have a majority ownership, giving them significant influence over decision-making.

Insiders hold a RM92m stake in the company, showing alignment with shareholders, although the company’s size should be taken into account. The general public holds a 37% stake in the company, with private companies owning the largest portion of shares at 41%.

While ownership breakdown is important to consider, other factors should be taken into account when evaluating a company’s performance and prospects. Investors should conduct thorough research before making investment decisions.

Source
Photo credit finance.yahoo.com

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