RDS Partnership Advises Ecomate Holdings Berhad On Its Admission To The Main Market
Our Capital Markets & M&A team is pleased to act as the solicitors for Ecomate Holdings Berhad (Ecomate) on their admission to the Main Market of Bursa Malaysia Securities Berhad (Bursa Securities) under the “Consumer Products & Services” sector.
Ecomate, a Johor based ready-to-assemble furniture specialist, was listed on the ACE Market of Bursa Securities on 8 November 2021 at a market capitalisation of RM 115.5 million. RDS was also the solicitors for Ecomate’s initial public offering (IPO) (see Legal News: RDS Partnership advises Ecomate on its IPO).
Ecomate satisfied the profit requirement of at least RM 20 million of aggregate profit after tax for the past 3 financial years. Accordingly, the Securities Commission and Bursa Securities approved Ecomate’s application to transfer its listing from the ACE Market to the Main Market.
RDS Capital Markets & M&A Head & Partner, Ong Eu Jin together with senior associates Lily Lee Zai-Lii and Diane Ngu Dai En were the key lawyers involved in the corporate exercise.
RDS Capital Markets & M&A team is active in the IPO space. If you have any queries, please contact our Capital Markets & M&A Head & Partner, Ong Eu Jin at eujin@rdslawpartners.com.
More information on the transfer listing can be found at:
The Star
Business Today
7 July 2023