KUALA LUMPUR, 30 January 2026 — Sentoria Group, a Practice Note 17 (PN17) company, said its co-founder Gan Kim Leong has ceased to be a substantial shareholder after disposing of his indirect interest in the group’s holding company, Sentoria Capital.
Sentoria Capital previously controlled a nearly 35.8% stake in Sentoria Group.
According to a bourse filing on Friday, Gan disposed of his entire indirect shareholding in Sentoria Capital through a share transfer from his investment vehicle, Base Rock Sdn Bhd, to Rock Base Development Sdn Bhd.
Company filings show that Sentoria Capital is now jointly owned by Rock Base Development and Chan Ah Sin.
Rock Base Development is controlled by Gan Yun Han, 28, and Goh Chun Seng, 42, who hold 60% and 40% stakes respectively.
Gan Kim Leong has been a director of Sentoria since 1999 and was appointed joint managing director in May 2011. He co-founded the group with Chan Kong San, who remains joint managing director.
The Pahang state secretary is currently the second-largest shareholder in Sentoria with a 14.29% stake, while Tan Wei Lian, executive chairman of TWL Holdings (formerly Tiger Synergy Bhd), holds 5.49%.
Sentoria reported a net loss of RM89.04 million on revenue of just RM7.55 million for the financial year ended Sept 30, 2024 (FY2024). The group has remained loss-making since FY2019 and slipped into PN17 status in December 2024 after its shareholders’ equity fell to 33% of issued and paid-up capital.
Earlier this month, Bursa Malaysia granted Sentoria a six-month extension until June 3, 2026 to submit its regularisation plan to address its PN17 classification.
