KUALA LUMPUR: DS Sigma Holdings Bhd has proposed to transfer its listing from the ACE Market to the Main Market of Bursa Malaysia Securities Bhd.
In a filing with the exchange, the Corrugated paper packaging maker said the proposed transfer entails the entire issued share capital of RM77.54 million comprising 480 million ordinary shares.
DS Sigma said the proposed transfer signifies the financial strength of the group as it has met the profit requirements for a transfer to the Main Market of Bursa Securities.
"The board believes that the proposed transfer will enhance the company's credibility, prestige and reputation, and accord the company with greater recognition and acceptance amongst investors, including institutional investors, while reflecting the group's current scale of operations," it said.
The company recorded a net profit RM8.16 million for its financial year ended June 30, 2023 (FY2023) and an aggregate net profit of RM49.49 million for FY2021, FY2022 and FY2023.-ends-