LGMS seeks to transfer listing to Main Market

PETALING JAYA: LGMS Bhd is seeking a transfer of its shares to the Main Market of Bursa Malaysia from the ACE Market.

The cybersecurity services provider, which has a market capitalisation of around RM66mil, said it has met the requirements of the profit test pursuant to Paragraph 5.02(a) of Bursa's Equity Guidelines.

"LGMS Group has achieved an audited consolidated net profits of approximately RM12.34mil for the most recent financial year ended Dec 31, and an aggregate consolidated net profit of approximately RM35.11mil for the past three audited financial years from 2022 to 2024," it said in a statement to Bursa Malaysia.

The guidelines by Bursa requires the group to achieve an aggregate audited net profit of at least RM20mil for three to five full financial years and a net profit for the most recent financial year of at least RM6mil, it said.

"The proposed transfer signifies the growth, profitability and financial strength of the group as it has met the profit track record requirements for a transfer to the Main Market of Bursa Malaysia," LGMS said.

The transfer is expected to be completed by the fourth quarter of 2025.