GFM Services Berhad has successfully transferred of the listing and quotation of its entire issued share capital from the ACE Market to the Main Market of Bursa Malaysia Securities Berhad.
The transfer entails the listing of and quotation for the Group’s entire issued share capital of 759,508,350 in GFM.
Encik Ruslan Bin Nordin, the Group Managing Director of GFM said, “We are delighted to successfully migrate to Bursa Securities’ Main Market. This is yet another milestone for GFM, demonstrating our financial strength and stability, which has satisfied the transfer requirements for profitability, financial position, and liquidity. As a Main Market company, this move will broaden our access to capital markets, particularly institutional funds. More importantly, this would strengthen GFM’s credibility among investors and better reflect the Group’s current scale of operations.”
“Looking ahead, we are poised to pursue new growth opportunities. Our key focus remains on expanding our presence in the Oil and Gas (“O&G”) facilities maintenance industry and Highway Rest and Service Areas (“RSA”) space. Apart from that, we are also exploring prospects in the Workforce Lodging sector to capture growing demand for proper workers’ accommodation. We believe that our transfer to the Main Market will propel us closer to realising our expansion plans
