PETALING JAYA: Pekat Group Bhd
has announced a proposed transfer from the ACE Market to the Main Market of Bursa Malaysia.
In a filing with Bursa Malaysia, the solar photovoltaic systems firm said it had met the requirements for the proposed transfer as set out in the Equity Guidelines issued by the Securities Commission Malaysia and the Main Market Listing Requirements of Bursa Securities.
“The proposed transfer is expected to enhance the company’s credibility, prestige and reputation, and accord the company with greater recognition and acceptance amongst investors, in particular, institutional investors, while reflecting the group’s business and profitability growth since its listing on the ACE Market of Bursa Securities.
