Hello and welcome to the details of Hextar Industries proposes transfer of ACE Market listing to main market and now with the details
Nevin Al Sukari - Sana'a - Hextar Industries Bhd is seeking to transfer its ACE Market listing to Bursa Securities’ Main Market. ― Bernama pic
KUALA LUMPUR, Nov 10 — Hextar Industries Bhd (HIB) is seeking to transfer its ACE Market listing to Bursa Securities’ Main Market.
HIB was listed on February 13, 2014 under the name SCH Group Bhd.
The company has a market capitalisation of RM1.06 billion based on its closing market price on November 9, 2023.
It currently has 2.74 billion ordinary shares issued. For the recent quarter ended June 30, 2023, HIB Group recorded consolidated revenue of RM251.4 million and RM21.2 million in net profit, a Bursa Malaysia filing said today.
“The proposed transfer is intended to enhance its status and provide the group with greater recognition and acceptance among investors.
“It will also elevate the group’s corporate image among clients, contractors, business partners and bankers,” the filing said.
Group managing director Benny Ang said the proposed transfer is timely and reflective of its current operations and financial performance.
“We hope that being listed on Main Market will enhance our ability to raise funds for further expansion and to attract institutional investors to participate in our growth,” he said.
Barring any unforeseen circumstances, the proposed transfer is expected to be completed by the first quarter of 2024. — Bernama
These were the details of the news Hextar Industries proposes transfer of ACE Market listing to main market for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at Malay Mail and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.