Genetec - A baby step

From ACE to Main: Genetec Aims for the Big Leagues

Genetec A baby step
Publish date: Thu, 02 Mar 2023, 04:04 PM
Start small, dream big, and take those crucial baby steps - they're the key to unlocking success

Just give GENETEC a little more time, and mark my words - we'll witness our Battery Day plans come to glorious fruition!

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PETALING JAYA: Genetec Technology Bhd is seeking to transfer listing of it entire 750 million ordinary shares from the ACE Market to the Main Market of Bursa Malaysia.

In a filing with Bursa Malaysia yesterday, the tech company said the proposed move to transfer increases the company’s credibility, prestige and reputation, as well as provide it with greater recognition and support from investors, particularly larger institutional and foreign investors.

Genetec completed a private placement of 68 million shares on Feb 15, raising a total gross proceeds of RM178mil. Following the private placement, local institutional and foreign investors now hold 32.44% and 24.77% of Genetec shares respectively.


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