SNS Network gets SC nod for Main Market transfer

TheStar Wed, May 15, 2024 08:25pm - 4 days View Original

KUALA LUMPUR: SNS Network Technology Bhd has obtained approval from the Securities Commission (SC) for its transfer to the Main Market of Bursa Malaysia Securities Bhd.

The information and communications technology (ICT) system and solutions provider said it fulfilled the profit test requirements for listing on Main Market of Bursa Securities, by achieving an aggregate net profit of at least RM20mil in the past three years as well as a net profit of at least RM6mil in the most recent financial year.

SNS was listed on the ACE Market of Bursa Securities on Sept 2, 2022.

“The transfer is expected to enhance the group’s profile and reputation, and will accord the SNS Group with greater recognition and acceptance amongst investors, in particular, institutional investors,” managing director Ko Yun Hung said in a statement.


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