Lim Seong Hai Capital opens higher on Main Market following listing transfer
Lim Seong Hai Capital Bhd has successfully transferred its listing from the ACE Market to the Main Market of Bursa Malaysia. The construction firm saw its stock price rise on the first day of trading, reflecting strong investor confidence and meeting strict financial requirements.
Why it matters
The transfer to the Main Market signals the company's growth and maturity, potentially attracting larger institutional investors and increasing its corporate profile.
BURSA SGX Home Highlight Make The Edge Malaysia your preferred source on Google KUALA LUMPUR (Oct 8): Lim Seong Hai Capital Bhd (KL: LSH ) closed higher on Thursday in its first day of trading on Bursa Malaysia's Main Market following the construction firm's transfer from the ACE Market.
After opening at RM1.78, the stock ended the day at RM1.80, which was five sen higher or 2.86% from Wednesday's RM1.75, valuing the group at RM1.51 billion.
The stock traded between RM1.70 and RM1.80 during the session, closing at its intraday high.
The company transferred to the ACE Market in March 2025 from the LEAP Market where it was listed in July 2021.
Unlike a conventional initial public offering, the latest transfer does not involve a new share offering, with the company's existing shares moving to the Main Market.
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