PETALING JAYA: Pekat Group Bhd
has received approval from the Securities Commission (SC) for its proposed transfer from the ACE Market to the Main Market of Bursa Malaysia.
In a filing with Bursa Malaysia yesterday, the solar photovoltaic specialist said the SC had, via its letter dated Nov 3, 2026, approved the proposed transfer under Section 214(1) of the Capital Markets and Services Act 2007.
“The SC also took note that Pekat has complied with the bumiputra equity requirement for public listed companies pursuant to its listing on the ACE Market of Bursa Malaysia,” it said.
Pekat had earlier disclosed that its market capitalisation stood at RM2.06bil, based on its five-day volume-weighted average share price of RM2.898 as at Oct 30.
“Approximately 58.38% of the issued share capital of Pekat were held by 3,276 public shareholders holding not less than 100 Pekat shares each,” it said.
Pekat has been listed on the ACE Market since June 23, 2021.
