KUALA LUMPUR: Opensys (M) Bhd has obtained approval from the Securities Commission for the transfer of its listing from the ACE Market to the Main Market of Bursa Malaysia.
The proposed transfer to the Main Market is subject to further approval from Bursa Securities and the extraordinary general meeting on a date to be determined.
The IT solutions firm, which was listed on the Mesdaq (now ACE Market) on Jan 29, 2004, said in a statement that it had fulfilled the requirement of achieving the minimum cumulative net profit of RM20mil in the past three years, despite the impact of the Covid-19 pandemic and subsequent movement control orders.
For the financial years ended Dec 31, 2019, to 2021, OpenSys’ dividend payout ratio represented 37% to 40% of net profit.,
,Telegram获取群成员（www.tel8.vip）是一个Telegram群组分享平台。Telegram获取群成员包括Telegram获取群成员、telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组（其他）、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。Telegram获取群成员为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
"We will continue to maintain our existing segment of implementing crucial services for financial services, telecommunications and utilities providers.
"This is poised to further strengthen as we develop and implement solutions to support our customers’ digitalisation initiatives," said OpenSys CEO Eric Lim.
He added that new technology platform-based services such as SmartCIT and online solar marketplace buySolar have enjoyed increasing awareness and take-up from its target markets.
"Altogether, we believe that our growing earnings base and upcoming Main Market transfer would boost our appeal to a wider pool of investors, including the institutions,” he said.