KUALA LUMPUR: Lim Seong Hai Capital Bhd
(LSH Capital) has obtained approval from Bursa Malaysia Securities Bhd for the company’s request for early trading suspension on the LEAP Market with effect from 2.30 pm today until the completion of the transfer of listing to the ACE Market.
In a filing with Bursa Malaysia, the company said the request is made to prevent any inadvertent trades in LSH Capital shares from taking place, which is tantamount to a breach of the undertakings previously provided by existing company shareholders.
It said the request was also made to ensure that shareholders continue to hold and not dispose of, transfer or reduce their entire shareholdings in the company from the date of such written undertakings until the completion or termination (as the case may be) of the withdrawal of LEAP listing.
"This serves to ensure a smooth and successful transfer of listing, the completion of which is tentatively scheduled for March 21, 2025,” it said.
LSH Capital is seeking to raise RM168.08 million through its listing transfer from the LEAP Market to the ACE Market.
The company will offer 191 million new shares to the public, priced at 88 sen per share.
At lunch break, its share price was flat at 84.5 sen. - Bernama
