KUALA LUMPUR (Oct 31): Naza Corp Bhd has emerged as a substantial shareholder of ECA Integrated Solution Bhd after acquiring a 5.18% stake or 30 million shares last Friday, a filing with Bursa Malaysia showed on Monday.

Following the stake acquisition, the conglomerate is now the fourth largest shareholder of the automated manufacturing solutions provider.

The largest shareholder of the group is executive director and chief operating officer Chua Lye Hock with a 21.26% stake, followed by Siew Ooi Chin with 20.02% and Kang Ewe Kheng with 11.66%.

Listed on the stock exchange in November last year, ECA Integrated is principally engaged in the provision of integrated production systems and stand-alone automated equipment. It also provides after-sales services for technical support services and spare parts.

More than half of its revenue for the financial year ended Oct 31, 2021 was derived from overseas markets, including Eastern and Western Europe, China, Singapore, Vietnam, the Philippines, as well as the US.

For the third financial quarter ended July 31, 2023, the group’s net profit slipped 2.78% to RM3.15 million from RM3.24 million a year ago, while revenue increased by 8.84% to RM10.91 million from RM10.03 million.

At the time of writing on Tuesday, shares in ECA Integrated were trading 2.5 sen or 3.38% lower at 71.5 sen, valuing the group at RM414.01 million.