KUALA LUMPUR (Sept 1): Pertama Digital Bhd’s share price rose 11% on Thursday (Sept 1), after the group announced the emergence of former chief justice Tun Zaki Azmi as a major shareholder.

The counter closed up 13 sen to RM1.30, its highest since July 29, 2010, when it closed at RM1.346. It was the day's 11th biggest gainer on Bursa Malaysia with 11.14 million shares exchanging hands.

At the current price, Pertama Digital has a market capitalisation of RM563.37 million.

In a filing on Thursday (Sept 1), the group said it has redesignated Zaki from independent non-executive chairman to non-independent non-executive chairman after he became a major shareholder of Pertama Digital with an 11.538% stake via the acquistion of 50 million shares by his vehicle Mypay Capital Sdn Bhd for RM25 million.

Additionally, Zaki’s wife Nik Sazlina Mohd Zain bought five million shares for RM2.5 million, raising her stake to 1.154% from 1.12% previously.

Both transactions took place last Thursday (Aug 25), according to the filing. Following these transcations, the couple are deemed to have an indirect interest of 13.813% in Pertama Digital.

The group’s largest shareholder is Perfect Hexagon Commodity with a 23.04% stake, according to Bloomberg data.

Pertama Digital posted a net loss of RM24,000 on a revenue of RM1.21 million for the second quarter ended June 30, 2022.