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- In a filing with Bursa, the company said the request was made to prevent any inadvertent trades in its shares from taking place, which would be tantamount to a breach of the undertakings previously provided by existing company shareholders.
KUALA LUMPUR (March 7): Lim Seong Hai Capital Bhd (KL:LSH) has obtained approval from Bursa Malaysia Securities Bhd for the company’s request for early trading suspension on the LEAP Market, with effect from 2.30pm on Friday, until the completion of the transfer of its listing to the ACE Market.
In a filing with Bursa, the company said the request was made to prevent any inadvertent trades in its shares from taking place, which would be tantamount to a breach of the undertakings previously provided by existing company shareholders.
It said the request was also made to ensure that shareholders continue to hold and not dispose of, transfer or reduce their entire shareholdings in the company from the date of such written undertakings until the completion or termination (as the case may be) of the withdrawal of its LEAP Market listing.
“This serves to ensure a smooth and successful transfer of the listing, the completion of which is tentatively scheduled for March 21,” it said.
LSH Capital is seeking to raise RM168.08 million through the listing transfer.
The company is offering 191 million new shares to the public, priced at 88 sen per share.
At Friday's lunch break, its share price was flat at 84.5 sen.
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