KUALA LUMPUR: Steel pole maker Mestron Holdings Bhd
has proposed to transfer the listing and quotation for its entire issued share capital and outstanding warrants from the ACE Market to the Main Market of Bursa Malaysia.
The company said it had satisfied the profit requirements of making an aggregate profit after tax (PAT) of at least RM20mil for the past three to five full financial years prior to submission to the Securities Commission with a net profit of at least RM6mil for the most recent financial year.
“The group’s aggregate adjusted net profit attributable to owners of the company for the past five financial years ended Dec 31, 2018 to 2022, after adjusting for non-recurring items and items not in the ordinary course of Mestron’s business is RM27.2mil,” it said in a filing with Bursa Malaysia yesterday.Mestron said adjusted net profit attributable to its owners amounted to RM8.25mil in the last financial year. — Bernama
