Pekat Group Bhd, an ACE Market-listed solar company, is planning to transfer its listing to Bursa Malaysia’s Main Market.
In a filing on Thursday, the company said it has met the key requirements for the move, including a strong profit track record, solid financial position, and positive net cash from operating activities.
Pekat said the proposed transfer is expected to strengthen its credibility, reputation, and visibility among investors, particularly institutional investors, while reflecting the group’s growth and profitability since its ACE Market listing.
Under Bursa Malaysia requirements, companies seeking a Main Market transfer must record at least RM30 million in aggregate net profit over the past three financial years, including a minimum of RM15 million in the most recent year.
Pekat reported an aggregate net profit of RM80.78 million for FY2023 to FY2025, with FY2025 net profit alone at RM45.05 million.
The company also confirmed it has met the requirement for a healthy financial position, with no accumulated losses and retained earnings of RM153.91 million as at end-December 2025.
It added that it has maintained positive operating cash flow over the past three years and sufficient working capital for at least 12 months.
As at end-December 2025, Pekat held cash and bank balances of RM87.62 million, alongside unutilised banking facilities of up to RM172.77 million.
The proposed transfer is subject to approval from the Securities Commission Malaysia and Bursa Malaysia, and is expected to be completed by the fourth quarter of the year. Public Investment Bank Bhd is acting as the principal adviser for the exercise.
Pekat was listed on the ACE Market in June 2021.
Shares in the company closed six sen or 3.66% lower at RM1.58 on Thursday, valuing the group at RM1.12 billion.
