Jishan Berhad has announced plans to transfer its listing from the LEAP Market to the ACE Market of Bursa Malaysia, subject to regulatory approvals and shareholders’ consent.
In a filing to Bursa Malaysia on Wednesday, the company said the proposed transfer involves three key components: a voluntary withdrawal of its listing from the LEAP Market, a proposed listing and quotation of its entire enlarged share capital on the ACE Market, and amendments to its existing constitution to comply with ACE Market listing requirements.
The proposals were initiated following a request dated 24 December 2025 from Jishan Capital Sdn Bhd, Ng Eng Siong and Khor Keow Kuang, collectively referred to as the joint offerors. Kenanga Investment Bank Berhad is acting on behalf of the board of directors. Ng Eng Siong, who is also a joint offeror, abstained from the board’s deliberations on the matter.
The board said it has considered the proposed transfer of listing and will take the necessary steps to implement it, subject to the required approvals.
Jishan has been listed on the LEAP Market since 8 February 2021, meeting the eligibility criteria under the ACE Market Listing Requirements, which require companies to have been listed on the LEAP Market for at least two years prior to applying for a transfer. As at 12 December 2025, the company has an issued share capital of RM29.97 million, comprising 235.15 million ordinary shares.
Under Bursa Malaysia’s rules, a transfer from the LEAP Market to the ACE Market requires the company to first withdraw its LEAP Market listing. This process includes obtaining shareholders’ approval at a general meeting and providing an exit mechanism for shareholders, either through an exit offer or another equitable arrangement, subject to Bursa Malaysia’s review.
Jishan said the proposed withdrawal of listing is intended solely to facilitate its transfer to the ACE Market. The proposed exit offer, if implemented, would provide an avenue for shareholders to realise their investment in the company.
The board believes the proposed transfer of listing comes at an opportune time and will better position the group for future growth by enhancing its corporate profile and access to a broader investor base.
Further details on the proposals, including the exit mechanism and timelines, will be disclosed in subsequent announcements and circulars to shareholders.
