PETALING JAYA: EPB Group Bhd has proposed to transfer its listing from the ACE Market to the Main Market of Bursa Malaysia.
In a statement, the group said it will also undertake amendments to its constitution to align with Main Market listing requirements, in preparation for the proposed transfer.
“These include updates to definitions within the constitution, such as references to the applicable listing requirements framework, as well as refinements to governance-related provisions in line with Main Market standards,” the one-stop food processing and packaging machinery solutions provider said.
In addition, the amendments introduce enhancements such as limits on the tenure of independent directors, with service beyond nine years capped at 12 years, subject to shareholders’ approval via a two-tier voting process.
EPB said the proposed transfer is expected to strengthen its corporate profile, improve investor accessibility and broaden its appeal to institutional investors.
Managing director Yeoh Chee Min said the move represents a natural progression as the company scales its business and strengthens its regional presence.
“These amendments ensure that our governance framework remains aligned with higher regulatory standards, reflecting our commitment to transparency, accountability and long-term value creation,” he said.
At an EGM held on April 8, 2026, shareholders approved the proposed amendments by way of poll.
A total of 46 shareholders, representing 288.99 million shares, voted in favour of the resolution, with none against.
EPB officially listed on the ACE Market on Aug 23, 2024, debuting with a 16% gain over its initial public offering price of RM0.56. The stock closed 1.41% lower yesterday at 35 sen.
