SMRT Holdings Bhd has received approval from the Securities Commission Malaysia (SC) for its proposed transfer of listing, but noted that SMRT’s wholly-owned subsidiary, N’osairis Technology Solutions Sdn Bhd which holds Malaysia Digital Status contributed more than 50% of the group’s after-tax profit.
As a result, SMRT is exempted from complying with the Bumiputera equity requirement for public-listed companies for the proposed transfer.
However, SMRT and its adviser UOB Kay Hian Securities (M) Sdn Bhd must immediately notify the SC if NTS’ contribution falls below 50% of the group’s after-tax profit in the latest audited financial year before the transfer. In such a case, SMRT would be required to comply with the Bumiputera equity requirement at the point of transfer.
The company would also have to seek reassessment from the SC if it undertakes future corporate exercises that result in a significant change to its business direction or policy.
SMRT, which has been listed since 2006, is principally involved through NTS in IT outsourcing and managed connectivity services, including communication infrastructure used for supervisory control and data acquisition (SCADA), wide area networks, local area networks and Voice over Internet Protocol systems.
The group also procures and installs industrial-grade technology infrastructure supporting customers’ remote monitoring and control systems.
Based on its five-day volume-weighted average share price of 18.52 sen, SMRT has a market capitalisation of approximately RM84.75 million.
The company first announced the proposed transfer on March 24, 2026, with a further announcement made on April 3.
