KUALA LUMPUR: YX Precious Metals Bhd (YXPM) has secured approval from the Securities Commission (SC) for its transfer to the Main Market of Bursa Malaysia.
In a statement today, YXPM said this is a reflection of its strong financial performance, commitment to growth, and support of its shareholders and stakeholders.
The company added that moving to the Main Market aligns with the strategy to enhance its profile and attract a broader range of investors.
YXPM managing director Ng Sheau Chyn said since its listing on the ACE Market, the company has consistently grown and strengthened its market position.
She noted that the transition to the Main Market will provide the company with increased visibility and recognition, helping to access new growth opportunities.
"This milestone reflects the hard work of our team and our commitment to delivering value to our stakeholders.
"We look forward to leverage new opportunities and drive our growth strategy forward," she said.
For the financial year ended Dec 31, 2023, YXPM booked a net profit of RM9 million and revenue of RM239.8 million.