Renewable energy company Cypark Resources Bhd is no stranger to local investors who have witnessed rapid growth in its share price over the past few months.
Of course, in the last month alone its shares have jumped by 83% and increased by 182% in the past six months.
However, the more than doubling that occurred in January unwittingly caught the attention of wider investors.
This follows the move of Jakel Capital Sdn Bhd, a subsidiary of Jakel Group which bought 176.65 million shares and became the single largest shareholder of Cypark with ownership of 27.33% interest.
It then attracted the attention of the Social Security Organization (Sorkeso or SOCSO) to emerge as one of the main shareholders of the company with 6.216% ownership as of February 9.
Cypark also gets support from the projects it manages, where the company recently successfully signed a memorandum of understanding (MOU) to build and operate a private hospital on a five-acre land belonging to Universiti Teknologi Malaysia (UTM) Skudai, Johor.
The stock was last traded at a price of RM1.19 as of noon yesterday (Friday), with a market value of RM920 million. It is also not far from its 52-week high of RM1.23.
