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endpoint: analytics
pattern: Materials
status: done
latency_ms: 132195
conversation_id: dbfc6dcd-0934-4cd3-a9c3-929f4a93beed
citations: 4
created: 2026-05-31 18:19:53Z
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# Who are the key shareholders of Press Metal?

# Press Metal Aluminium Holdings Berhad (PMAH MK / 8869) — Key Shareholders

Based on Press Metal's Integrated Annual Report 2025 (Register of Substantial Shareholders as at 30 March 2026) and CLSA's most recent coverage, the shareholder structure is dominated by the founding **Koon family** through a Singapore-based holding chain anchored by **Alpha Milestone Sdn. Bhd.**, with the **Employees Provident Fund (EPF)** as the largest independent institutional holder.

## Substantial Shareholders (≥5% of issued capital, as at 30 March 2026) [1]

| Shareholder | Direct (shares) | Direct (%) | Indirect (shares) | Indirect (%) | Total (%) |
|---|---:|---:|---:|---:|---:|
| **Alpha Milestone Sdn. Bhd.** (family holding vehicle) | 2,777,676,677 | 33.71 | 0 | 0.00 | **33.71** |
| **Paul Koon Foundation** (top of family structure) | 0 | 0.00 | 2,777,676,677 | 33.71 | **33.71** |
| **Paul Koon Pte. Ltd.** (holds 100% of KPK Holdings) | 0 | 0.00 | 2,777,676,677 | 33.71 | **33.71** |
| **KPK Holdings (L) Ltd.** (100% holder of Alpha Milestone) | 0 | 0.00 | 2,777,676,677 | 33.71 | **33.71** |
| **Tan Sri Dato' Koon Poh Keong** (Group CEO, founder) | 93,535,022 | 1.14 | 2,793,837,822 | 33.91 | **35.05** |
| **Datuk Koon Poh Ming** (Executive Vice Chairman, founder) | 433,864,516 | 5.27 | 130,920,000 | 1.59 | **6.86** |
| **Datin Ong Soo Fan** (spouse of Datuk Koon Poh Ming) | 90,920,000 | 1.10 | 473,864,516 | 5.75 | **6.85** |
| **Employees Provident Fund Board (EPF)** | 719,820,437 | 8.74 | 0 | 0.00 | **8.74** |

The 33.71% block held by Alpha Milestone is **the same economic stake** appearing under multiple names — it cascades up the ownership chain: **Paul Koon Foundation → Paul Koon Pte. Ltd. → KPK Holdings (L) Ltd. → Alpha Milestone Sdn. Bhd. → PMAH**. Tan Sri Koon Poh Keong is deemed interested in this block via his connection to Paul Koon Foundation (the family's ultimate holding entity, named after the founders' family) [1].

## Top 10 Largest Registered Shareholders (as at 30 March 2026) [2]

| # | Registered Name | Shares Held | % |
|---|---|---:|---:|
| 1 | HSBC Nominees (Tempatan) — MSIP for Alpha Milestone Sdn Bhd | 800,000,000 | 9.71 |
| 2 | Citigroup Nominees (Tempatan) — UBS AG Singapore for Alpha Milestone | 700,000,000 | 8.50 |
| 3 | Citigroup Nominees (Tempatan) — Bank of Singapore for Alpha Milestone | 500,000,000 | 6.07 |
| 4 | Citigroup Nominees (Tempatan) — **Employees Provident Fund Board** | 458,745,671 | 5.57 |
| 5 | CIMSEC Nominees (Tempatan) — CIMB for **Koon Poh Weng** | 395,975,136 | 4.81 |
| 6 | **Alpha Milestone Sdn Bhd** (direct) | 367,676,677 | 4.46 |
| 7 | Citigroup Nominees (Tempatan) — CBHK PBGSG for Alpha Milestone | 350,000,000 | 4.25 |
| 8 | **Datuk Koon Poh Ming** | 274,385,108 | 3.33 |
| 9 | **Kumpulan Wang Persaraan (Diperbadankan) — KWAP** (Retirement Fund Inc.) | 222,155,400 | 2.70 |
| 10 | Citigroup Nominees (Tempatan) — Employees Provident Fund Board (Islamic) | 126,590,891 | 1.54 |

Aggregating across nominee lines: Alpha Milestone-related accounts (positions #1, 2, 3, 6, 7) total **~33.7%**; EPF (conventional + Islamic, positions #4 + 10) totals **~7.1%** of disclosed top-30 holdings; KWAP (Malaysian civil-service pension) holds **2.70%** [2].

## Koon-Family Directors with Personal Holdings (Register of Directors' Shareholdings, 30 March 2026) [3]

Five Koon brothers — all founders of Press Metal Berhad on 13 May 1986 [4] — sit on the board and hold personal stakes in addition to the family vehicle:

| Director | Role | Direct (%) | Indirect (%) |
|---|---|---:|---:|
| **Tan Sri Dato' Koon Poh Keong** | Group CEO | 1.14 | 33.91 |
| **Datuk Koon Poh Ming** | Executive Vice Chairman | 5.27 | 1.59 |
| **Dato' Koon Poh Tat** | Executive Director | 2.19 | 0.59 |
| **Koon Poh Weng** | Executive Director | 4.81 | 0.03 |
| **Datuk Koon Poh Kong** | Executive Director | 1.13 | 0.80 |

John Koon Tzer Lim (son of Datuk Koon Poh Ming, Head of Risk Management) sits as Alternate Director [3].

## CLSA Coverage Cross-Check

CLSA's May 2025 Press Metal note ("Moving ahead on expansion", O-PF rated) lists the two top "major shareholders" snapshot as **Alpha Milestone Sdn Bhd 22.3%** and **Koon Poh Keong 14.5%** [5]. This snapshot reflects an earlier reporting period and a different aggregation basis (direct stakes only, before the latest re-shuffling of family nominee accounts visible in the FY2025 register). The FY2025 annual-report numbers above (33.71% Alpha Milestone consolidated, plus the broader Koon family deemed-interest disclosure) are the most current and authoritative.

## Key Takeaways

- **Control**: The Koon family — through the Paul Koon Foundation → Paul Koon Pte. Ltd. → KPK Holdings (L) Ltd. → Alpha Milestone Sdn. Bhd. chain — controls **~33.7%** as a single bloc, plus **direct personal holdings** by the five founder brothers totaling another **~14–15%**, making the family a clear controlling shareholder (**~48% combined**) [1][3].
- **Institutional anchor**: **EPF** (Malaysia's largest pension fund) holds **8.74%** directly, making it the largest non-family institutional shareholder. **KWAP** (civil-service pension) holds another **~2.70%** [1][2].
- **Free float / public**: The remainder (~40%) is held by foreign institutions, nominees, and retail investors.

---
**Sources**
[1] Press Metal Aluminium Holdings Berhad — Integrated Annual Report 2025 (Part 3), Analysis of Shareholdings — Substantial Shareholders register as at 30 March 2026
[2] Press Metal Aluminium Holdings Berhad — Integrated Annual Report 2025 (Part 3), List of Thirty Largest Shareholders as at 30 March 2026
[3] Press Metal Aluminium Holdings Berhad — Integrated Annual Report 2025 (Part 3), Directors' Shareholdings register as at 30 March 2026
[4] Press Metal Aluminium Holdings Berhad — Integrated Annual Report 2025 (Part 1), Profile of Our Board of Directors
[5] CLSA — Press Metal — O-PF (Moving ahead on expansion), 22 May 2025 — 607960312LinqAlpha.PDF

## Citations

- [1] **Press Metal_IAR2025 (Part 3)** · external
- [2] **Press Metal_IAR2025 (Part 3)** · external
- [3] **Press Metal_IAR2025 (Part 3)** · external
- [4] **Press Metal_IAR2025 (Part 1)** · external

