Jaycorp - more info please

This smaller furniture maker caught my attention lately, not because of its impressive profit growth or high dividend yield(latest around 7% based on its price of 1.57) but the announcement of changes in shareholdings of some directors and shareholders.

	2012	2013	2014	2015	2016	2017
Revenue (Rm'000)	236,612	209,281	236,327	247,907	289,457	312,824
Net Profit (Rm'000)	10,261	5,086	8,625	7,993	20,982	24,766
EPS(sen)	7.5	3.72	6.31	5.84	15.34	18.11
Dividend (Sen)	3.5	3.5	3.5	4	10	11

In FY 16, the company has ventured into engineering and construction via a JV and target to get a slice of the Rm12.6 billion Sabah Pan Borneo highway project and also to develop its 400 acres of land in Bongawan, Sabah.


According to its FY16 Annual Reports, there were mainly 2 substantial shareholders:-
1. Jawala Corp with 23.24% (31.787 mil shares) belong to Khan family & Chee Ah What(not sure about their proportion in Jawala)
2. Central Glamour with 22.14% (30.275 mil shares) belong to Yeo family respectively. 
   
On 25 Sept, 2 members of Khan family and Chee Ah What ceased to have deemed interest in Jaycorp via Jawala and 6 Oct, 3 members of Yeo family ceased to have deemed interest in Jaycorp via Central Glamour. While they have complied with the Companies Act and Bursa requirements to make the necessary announcements, but that does not provide any clarity as to who are the "buyers" of their shares in Jawala and Central Glamour. Do note that there is no announcement with regards to Executive Chairman's interest in Jawala and Managing Director's interest in Central Glamour, hence the 2 most critical personnel of Jaycorp are still controlling the company.   
Is it just a restructuring between these 2 families? Is it realignment of their ultimate interest in Jaycorp due to new business undertaking? Is there new shareholders emerged? Is there disagreement between family members on business direction and hence some exiting the business (of course no company will announce this openly)? 
The fact that they have not resigned and no new appointment being made to board as yet, it seems this could just be an internal shareholding realignment, but that is just a wild guess.
In my personal opinion, as they are also the key management personnel(Executive Director) in Jaycorp, I believe it is important to give more information eg via press release to provide reasoning with regards to this sort of announcement to avoid any speculation, not merely to comply with minimum requirement of law. Unlike any institutional investors or any person who has substantial shareholding in a PLC that just need to comply with Bursa requirement to announce changes in their shareholding as they do not involve in the management of the company. 


My wish is more controlling shareholders in PLCs give more thought and consideration to the interest and rights of minority shareholders, including the rights to fair share of information. Can the law support minority shareholders to lift more corporate veil please?