Samaiden Group Berhad has received Bursa approval to transfer of the listing of and quotation for its entire issued share capital and outstanding warrants from the ACE Market to the Main Market of Bursa Securities today.
Bursa Securities had approved the transfer under the “Industrial Products & Services” sector. The transfer of listing will take effect two market days upon the announcement to Bursa Securities on the transfer date to be announced later.
In relation to the transfer of listing, Samaiden had met the profit requirements under the SC’s Equity Guidelines where it had achieved an aggregate after-tax profit of RM32.59 million over the last four financial years and an after-tax profit of RM11.93 million for the most recent financial year.
Group Managing Director of Samaiden, Ir. Chow Pui Hee said, “We will continue to leverage our RE expertise in PV systems and power plants to seek more projects as businesses and other organisations move towards more sustainable operations. We are also encouraged by government initiatives that serve as the catalyst for the RE industry development in Malaysia and which enable us to participate as an investor.”
“The listing on the Main Market not only reflects Samaiden’s current scale of operations but will also help to improve investor’s recognition and interest in our shares, especially from institutional investors, which in turn will enhance the attractiveness and marketability of our shares.” she added.
