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Author: savemalaysia   |   Latest post: Mon, 30 Nov 2020, 6:47 PM


Bursa's first virtual listing

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KUALA LUMPUR: Bursa Malaysia Bhd welcomes its newest "member" on the ACE Market via a virtual listing ceremony today.

Bursa said Samaiden Group Bhd was its first virtual listing, a new offering by the exchange arising from the reinstatement of the conditional movement control order (CMCO) in Selangor, Kuala Lumpur and Putrajaya.

"In line with the CMCO requirements, Bursa Malaysia introduced this virtual listing service, enabling flexibility for new issuers during CMCO.

"Samaiden Group, one of Malaysia's leading consultants of renewable energy and environmental service provider, is the first company to utilise the virtual listing service offered by the exchange," it said in a statement.  

Bursa chief executive officer Datuk Muhamad Umar Swift said historically, listing ceremonies on the local bourse marked a significant milestone in a company's life cycle.

Muhamad Umar said the event usually attracted many invited guests of the company who come together to celebrate the event with the company's owners and promoters.

"Notwithstanding the CMCO, we are happy to maintain this long standing tradition. We will continue to leverage on technology to adapt our traditions to the continuously changing environment while always prioritising the health and safety of our stakeholders," he said.

Bursa expects to welcome four new listings in October. 

They are Southern Cable Group Bhd (October 16), Aneka Jaringan Holdings Bhd (October 20), Mr DIY Group (M) Bhd (October 26) and Econframe Bhd (October 27).




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Related Stocks

Chart Stock Name Last Change Volume 
BURSA 8.20 -0.22 (2.61%) 1,560,600 
SAMAIDEN 1.46 +0.08 (5.80%) 38,671,800 

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