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

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