ICT Zone get shareholders' nod to transfer to ACE Market


KUALA LUMPUR: Shareholders of ICT Zone Asia Bhd have voted in favour of withdrawing the group’s listing from the Leading Entrepreneur Accelerator Platform Market and subsequently listing on the ACE Market of Bursa Malaysia.

This includes the holders of irredeemable convertible preference shares, the technology financing solutions provider said in a statement today.

It said the group expects to complete the transfer by the first quarter of 2025, following the approval of resolutions pertaining to the transfer at an extraordinary general meeting today.

The proposed withdrawal does not have any effect on the group’s earnings and earnings per share as the proposed exercise does not involve any issuance of new shares. - Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

PETRONAS strengthens upstream portfolio through strategic partnerships
Malaysia palm reserves jump most in five months as exports drop
FBM KLCI snaps two-day losing streak amid regional market sell-off
Study finds gap between financial literacy and financial security among Malaysians
Gold falls to 11-week low as oil rises on fresh US-Iran hostilities
Oil steady as investors weigh renewed US-Iran fighting
Stratus Global signs underwriting agreement for Main Market IPO
SC charges ex-Karex CFO with insider trading
CIMB, China Citic Bank partner to boost China-Asean financial connectivity
PETRONAS, JERA sign 20-year LNG supply deal from 2028

Others Also Read