Samaiden Group Berhad a renewable energy (“RE”) specialist principally involved in engineering, procurement, construction, and commissioning (“EPCC”) of solar photovoltaic (“PV”) systems and power plants is pleased to announce the transfer of its entire issued share capital and outstanding warrants from ACE Market to the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) this morning.
The listing of and quotation for the entire issued share capital and the outstanding warrants of Samaiden was transferred from ACE Market to the Main Market of Bursa Securities with effect from 9 a.m. on 31 March 2023, marking the completion of the transfer.
Samaiden’s share price was opened at 0.965 sen on 31 March 2023.
Group Managing Director of Samaiden, Ir. Chow Pui Hee said, “I would like to thank the Securities Commission Malaysia (“SC”) and Bursa Securities for the approval of the transfer of listing, and the smooth transfer of our shares and outstanding warrants from ACE Market to the Main Market. For us, this is a historic milestone following our listing on the ACE Market of Bursa Securities on 15 October 2020.”
“Samaiden’s transfer to the Main Market is testimony to the work that everyone in the company has put in and the resultant growth that we have witnessed. We intend to leverage on our Main Market listing status to expand our market presence supported by the track record of EPCC projects that we have completed while seeking opportunities based on our renewable energy expertise in photovoltaic systems and power plants to offer the services that businesses and organisation need, for more sustainable operations.”
“I would also like to extend my gratitude to all the investors, customers and business partners who have supported us since Samaiden was founded in 2013 and since our listing on the ACE Market in October 2020. It is wonderful to be able to share this success with them in this physical ceremony at Bursa Malaysia Listing Gallery compared when we were listed on the ACE Market, which was done virtually.”
In relation to the transfer of listing, Samaiden has met the profit requirements under the SC’s Equity Guidelines where it has achieved an audited consolidated profit after tax attributable to owners of the company (“PAT”) of RM32.59 million over the last four financial years and a PAT of RM11.93 million for the most recent financial year.
