HSS Engineers gets SC nod for transfer to Main Market


HSS Engineers Bhd co-founder and executive director Datuk Ir. Kuna Sittampalam speaking to reporters after the prospectus launch.

KUALA LUMPUR: HSS Engineers Bhd is set to transfer its listing to the Main Market of Bursa Malaysia Securities Bhd after receiving the green-light from the Securities Commission on Monday.

In a statement, executive director Datuk Seri Kuna Sittampalam said after just a year since its listing on the Ace Market, the transfer of the listing to the Main Market would provide a more accurate reflection of the company’s track record and growing project portfolio.

“With the current boom in the construction industry, we expect many big infrastructure projects to be rolled out within the next few years by the Government and the private sector, which augurs well for us,” he said.

He said HSS’ recent contract wins showed not only the rapid pace of growth of the construction industry, but also the group’s capabilities in undertaking varied complexities in projects.

“The Main Market status would certainly boost our profile in the eyes of potential clients  and broaden the reach to the larger investing community,” he said. - Bernama

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Singapore DBS’s digital services hit days after MAS ban ends
US weekly jobless claims unchanged; layoffs decline in April
Gold falls as investors evaluate US rate cut prospects
UOA REIT expects office rental market to remain challenging
Ringgit rebounds to end higher vs US dollar
BHIC unit bags RMN submarine contract from Mindef worth RM43.6mil
Sapura Energy appoints Ganesh Gunaratnam as new CFO effective June 1
Capital A formulating regularisation plan to address PN17 status
Ajinomoto declares special dividend of RM2.12 from land sale
Epicon uplifted from PN17 status

Others Also Read