PETALING JAYA: HIS TIZA Pahang Sdn Bhd (HTP) has entered into a share sale agreement (SSA) on Oct 12, 2026 with Amanah Saham Pahang Berhad (ASPA) to acquire 21 million shares, representing a 30% equity interest in Mentiga Corp Bhd

, for RM21mil in cash, or RM1 per share.

In filing with Bursa Malaysia, Mentiga said the acquisition price represents a 72.41% premium to Mentiga’s market price of 58 sen per share, while the company’s unaudited net assets stood at RM3.17 per share as at June 30, 2026.

On completion, HTP will become Mentiga’s second-largest shareholder. ASPA, which is wholly owned by the Pahang State Government, will remain the largest shareholder with a 43.91% stake.

HTP is a 50:50 joint venture between TIZA Global Sdn Bhd and HIS Holdings Sdn Bhd.

TIZA Global is the investment holding company of Tan Sri Mohamad Norza Zakaria, executive chairman and president of Citaglobal Bhd

.

His Holdings is the investment holding company of Tengku Hassanal Ibrahim Alam Shah, the Crown Prince of Pahang.