{
  "id": 17963105,
  "title": "Pekat gets SC nod for Main Market move",
  "url": "https://urgent.news/2026/11/03/pekat-gets-sc-nod-for-main-market-move",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T12:43:15.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/11/1570077/pekat-gets-sc-nod-main-market-move"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Securities Commission (SC) has granted Pekat Group Bhd approval to transfer its listing from Bursa Malaysia's ACE Market to the Main Market. This move, announced in a Bursa Malaysia filing, comes more than five years after Pekat's initial debut in the ACE Market in June 2021. The regulator confirmed that the group had complied with the Bumiputera equity requirement for public-listed companies. Pekat's decision to move to the Main Market is aimed at enhancing its corporate profile and attracting more investors, particularly institutional funds. The company has met all the financial criteria for the transfer, including a minimum combined net profit of RM30 million over three financial years, with at least RM15 million in the latest financial year. Pekat recorded a cumulative net profit of RM80.78 million for financial years 2023 to 2025, with RM45.05 million in FY25. Its revenue more than doubled to RM609.53 million in FY25 from RM286.98 million a year earlier. Public Investment Bank Bhd is the principal adviser for the proposed transfer, with a market capitalisation of RM2.06 billion as of Oct 30.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}