KUCHING: Contemporary fast-fashion retailer Carlo Rino is proposing to transfer its listing from the ACE Market to the Main Market of Bursa Malaysia Securities Berhad, backed by RM98.2 million in cash and a net profit of RM15.7 million for the financial year ended 2025.
The group said the proposed transfer marks a key milestone in its growth trajectory, following its earlier progression from the LEAP Market to the ACE Market.
Group managing director Datuk Seri Chiang Fong Yee said the move reflects the company’s expanding scale and strengthening market position.
“The transition to the Main Market represents a natural progression in our growth journey, as we continue to expand and build a stronger presence,” he said, adding that the group is encouraged by its steady advancement since its early days on the LEAP Market.
Carlo Rino said the proposal is supported by its financial performance, citing an aggregated profit after tax of RM58.8 million over the past three financial years.
It also reported a current ratio of 9.4 times and a low gearing ratio of 0.04 times, alongside positive operating cash flow over the same period.
The proposed transfer is subject to regulatory approvals and is targeted for completion in the second half of 2026. TA Securities Holdings Berhad has been appointed as principal adviser.
Carlo Rino was first listed on the LEAP Market on Nov 28, 2018, before transferring to the ACE Market on Dec 18, 2024.
