Genetec - A baby step

Genetec secures approval for transfer to Main Market

Genetec A baby step
Publish date: Thu, 24 Aug 2023, 09:09 PM
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https://www.thestar.com.my/business/business-news/2023/08/24/genetec-secures-approval-for-transfer-to-main-market

 

PETALING JAYA: Genetec Technology Bhd’s move to transfer its listing status from the ACE Market to the Main Market has been approved by Bursa Malaysia.

In a filing with the stock exchange, the company said the Securities Commission Malaysia had approved the proposed transfer under Section 214(1) of the Capital Markets and Services Act 2007 and under the Bumiputera equity requirement for public listed companies.

Genetec is principally involved in investment holding, designing and building of smart automation systems, customised factory automated equipment and integrated systems from conceptual design, development of prototype to mass replication of equipment.

 

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