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 (Bursa Securities).

In a filing with the exchange, the company 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 proposed transfer will not have any effect on the issued share capital and substantial shareholders' shareholdings of the company as well as the net asset, gearing, earnings, and earnings per share of the group.

- BERNAMA

TAGS: DS Sigma, Main Market, Transfer, ACE Market