KUALA LUMPUR: SMRT Holdings Bhd is proposing to transfer its listing from the ACE Market to the Main Market of Bursa Malaysia Securities Bhd by the third quarter of 2026 (3Q 2026).
In a Bursa Malaysia filing on Tuesday, the investment holding company said the group has met the requirements set out under the Securities Commission Malaysia’s (SC) Equity Guidelines and Bursa Malaysia’s Main Market Listing Requirements, including profit, financial position, and public shareholding spread criteria.
“SMRT has achieved an audited consolidated profit after tax attributable to owners of the company of approximately RM27.68 million for the most recent audited financial year ended June 30, 2025 (FY2025) and an aggregate of approximately RM70.39 million for the past three audited financial years,” it said.
The company added that it has maintained a healthy financial position, with no accumulated losses and sufficient working capital for at least 12 months, alongside positive operating cash flows over the review period.
In the filing, the company said approximately 69.56 per cent of its issued share capital is held by 4,854 public shareholders, exceeding the required public shareholding spread.
It said the proposed transfer reflects the group’s growth, profitability and financial strength, and is expected to enhance its credibility, visibility and appeal among investors, including institutional funds.
“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,” it added.
The proposed transfer is subject to approvals from relevant authorities, including the SC and Bursa Malaysia.
UOB Kay Hian Securities (M) Sdn Bhd has been appointed as the principal adviser for the proposed transfer. – BERNAMA
