CTIB eyes ACE Market

TheStar Thu, Jul 29, 2021 07:40am - 2 years View Original


In a filing with Bursa Malaysia yesterday, CTIB said the proposal is to accord the company access to a bigger fundraising platform to support its expansion plan in order to realise its long-term growth potential.

PETALING JAYA: Cosmos Technology International Bhd (CTIB) is proposing to withdraw its listing status from Bursa Malaysia’s Leading Entrepreneur Accelerator Platform or LEAP Market to facilitate a proposed listing on the ACE Market.

In a filing with Bursa Malaysia yesterday, CTIB said the proposal is to accord the company access to a bigger fundraising platform to support its expansion plan in order to realise its long-term growth potential.

“It is also expected to increase the liquidity of the company’s shares by allowing a larger number of investors to engage in the buying and selling of the company’s shares upon the proposed listing.”

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