KUALA LUMPUR: Shares of Kejuruteraan Asastera Bhd (KAB) rose over 7% in early trade Tuesday as the group proposed to transfer its listing on the ACE Market to the Main Market of Bursa Securities by the third quarter of 2020.
The electrical and mechanical engineering firm rose 7.38%, or 5.5 sen to 80 sen with 458,300 shares traded. Year-to-date, the counter has risen some 96%.
It said the transfer would enhance its prestige, credibility and reputation and accord the group greater recognition from various stakeholders.
The company was listed on the ACE Market in November 2017.
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