ICT Zone Asia Bhd is mulling over a proposal to transfer from the LEAP Market to the ACE Market on Bursa Malaysia, following a letter of request from its 72.85%-shareholder ICT Zone Holding Bhd.
“Pursuant to the proposal letter, ICT Zone Holding proposed to undertake a cash exit offer together with Datuk Seri Ng Thien Phing, which will be extended through a pre-conditional voluntary general offer for all the remaining ordinary shares and irredeemable convertible preference shares in ICT Zone Asia,” it stated in a bourse filing on Friday.
TheEdge16 Feb, 2024 19:45pm - 2 months