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

Wasco to gain from transition to renewables
CPO prices to stay range-bound in February
Stiff competition to reshape auto landscape
Maybank’s sustained returns growth ambition
Steel Hawk unit secures Sabah contract
Real estate credit hits US$79bil in 4Q
Oxford Innotech wins RM4.8mil data centre job
MAG makes new executive leadership appointments
KIP-REIT expects higher traffic at its malls
Glovemakers shift focus as China floods markets

Others Also Read