Pentamaster unit to list in Hong Kong next month

KUALA LUMPUR: Pentamaster Corp Bhd’s automated solutions arm, Pentamaster International Ltd (PIL), is expected to be listed in Hong Kong on Jan 19, 2018.

The group said the Stock Exchange of Hong Kong Ltd (SEHK) had given its approval-in-principle for the proposed listing via a letter dated Dec 21, 2017.

It added that the prospectus of PIL was expected to be issued on Dec 29, 2017, and posted on the websites of the SEHK and PIL on the same date respectively.

“Subject to the formal and final approval of the SEHK to the proposed listing, the trading of the shares of PIL is expected to commence at 9am on Jan 19, 2018,” Pentamaster said in a filing with Bursa Malaysia.

The proposed listing is subject to fulfilment of certain conditions, namely the documentary requirements under Section 9 and 19 of SEHK listing rules are followed and that the listing department is satisfied with the contents of the published version of the prospectus. — Bernama