PETALING JAYA: MN Holdings Bhd
is proposing a transfer of its listing from the ACE Market to the Main Market of Bursa Malaysia Securities Bhd, alongside proposed amendments to its Constitution to facilitate the implementation of the transfer.
In a filing with the local bourse, the infrastructure utilities construction and engineering solutions specialist said the proposed transfer reflects its strong financial track record, growing scale of operations, and consistent profitability.
“For the financial year ended June 30, 2025 (FY25), the group recorded an audited consolidated profit after tax attributable to shareholders of approximately RM47.75mil, while achieving, in aggregate, an audited profit after tax of approximately RM74.16mil over the past three financial years, from FY23 to FY25.
“This performance underscores the group’s steady growth trajectory and reflects the progress made in strengthening its operational capabilities and project execution capacity over the period.”
MN Holdings said the proposed transfer, if approved by the relevant authorities, represents a significant milestone following the group’s listing on the ACE Market in April 2022.
“It is expected to enhance MN Holdings’ corporate profile, strengthen investor confidence, and improve access to a broader base of institutional investors.”
Managing director Datuk Clement Toh said the proposed transfer to the Main Market reflects the progress MN Holdings has made over the past few years, supported by consistent earnings growth, a strong balance sheet and an expanding project portfolio.
“We believe the Main Market platform will further enhance our visibility and credibility among clients, business partners, and investors, while supporting our long-term growth objectives as we continue to participate in the infrastructure and energy development of Malaysia.”
