KUALA LUMPUR: Lim Seong Hai Capital Bhd
(LSH Capital) has obtained approval from Bursa Malaysia to transfer its listing from the LEAP Market to the ACE Market.
In a filing with Bursa Malaysia, LSH Capital stated that the approval includes the proposed transfer of its listing and the quotation of its entire issued share capital, comprising 838.36 million shares, on the ACE Market.
It also noted that approval-in-principle has been given for registering LSH Capital’s listing prospectus.
In this regard, AmInvestment Bank is required to provide confirmation of the registration at least seven market days prior to the intended date of registration.
For the half-year period ended Sept 30, 2024, LSH Capital’s net profit rose to RM43.24mil from RM39.69mil in the previous corresponding period, while revenue dipped to RM146.31mil from RM236.35mil a year earlier.
In a filing with Bursa Malaysia on its latest financial results, the company said it will continue to focus on growing its construction and construction-related services and solutions segment, as well as complete the construction projects that have been secured.
Meanwhile, Fibromat (M) Bhd has also received approval for its proposed transfer of listing from the LEAP Market to the ACE Market.
For the half-year period ended June 30, 2024, the company’s net profit dipped to RM3.6mil from RM4mil a year earlier, while revenue rose to RM31.41mil from RM24.42mil a year earlier.
On its prospects, the company said in a filing with Bursa Malaysia that it will focus on the erosion control solutions and geotechnical industry in Malaysia.
This, the company said, would place the group as a comprehensive centre, particularly in providing solutions for supply and design.
