HIS TIZA completes RM21 million purchase of 30.47% Mentiga stake
The transaction makes the Pahang crown prince-linked company Mentiga’s second-largest shareholder, while Amanah Saham Pahang retains 43.91%.
HIS TIZA Pahang Sdn Bhd completed its RM21 million acquisition of a 30.47% interest in Mentiga Corp Bhd on Nov 5, according to a bourse filing. The purchase from state government-owned Amanah Saham Pahang Bhd places HIS TIZA as the oil palm and timber company’s second-largest shareholder.
Amanah Saham Pahang remains the largest shareholder, with its holding reduced to 43.91% after the sale.
HIS TIZA operates as a 50:50 joint venture pairing HIS Holdings Sdn Bhd with TIZA Global Sdn Bhd. HIS Holdings belongs to Pahang Crown Prince Tengku Hassanal Ibrahim Alam Shah, while TIZA Global is the investment vehicle of Tan Sri Mohamad Norza Zakaria, executive chairman of Citaglobal Bhd.
The acquisition was announced on Oct 13. Its RM1-per-share valuation represented a premium of 72.41% over Mentiga’s market price then. HIS TIZA said in October that it had agreed with Amanah Saham Pahang to retain the shares for five years.
HIS TIZA also said it intends to examine the consolidation of the Pahang government’s plantation assets under Mentiga. Any such move would require regulatory and corporate approvals.
Mentiga recorded RM860,000 in net profit for FY2025, following losses from FY2021 to FY2024. For 6MFY2026, ended June 30, 2026, revenue was RM18.71 million and net profit reached RM1.32 million.
Mentiga shares closed flat at RM1.01, giving the company a market valuation of RM70.7 million.
