It's been a flaming hot period now for Gunung since the turn of the year of 2020.
Its CEO and largest shareholder Datuk Syed Abdul Hussin started to pare down his entire 28% stake and exited the company.
Its second & third largest shareholders Erayear Equity Sdn Bhd and Ooi Hock Lai with 11.8% and 10% stake respectively also ceased to be a substantial shareholder.
It is reported that former owners of Kumpulan Powernet (KPower) led by Datuk Chew Kam Wah will become major shareholders of Gunung, who will change its name to G Capital Berhad.
Kumpulan Powernet was taken over by Serba Dinamik's Datuk Abdul Karim & OHP Ventures's Mustakim Mat Nun last year and the group's name has been changed to K Power (Karim's Power?)
Relatively young Datuk Yap Yee Ping at 45 years old became the new executive director of Gunung, along with Tan Sri Dr Ali.
