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Urusharta Jamaah Sdn Bhd, a Minister of Finance Inc-controlled entity, has increased its shareholding in Elridge Energy Holdings Bhd by acquiring 5.93 million shares, raising its total stake in the manufacturer and trader of biomass fuel products to 127.9 million shares, or 6.39%.
Elridge Energy Holdings Berhad (ELRIDGE) continues to display a technically constructive structure despite the recent pause in momentum. After a strong rally from the RM0.70 region, the stock has transitioned into a healthy consolidation phase just below the RM1.03–RM1.05 resistance zone, suggesting digestion of prior gains rather than a trend reversal.