OpenSys gets SC nod to transfer to Main Market
KUALA LUMPUR (July 27): OpenSys (M) Bhd has secured approval from the Securities Commission Malaysia (SC) for the proposed transfer to the Main Market of Bursa Malaysia Securities Bhd.
In a statement on Wednesday (July 27), the company, which was listed on the MESDAQ (now ACE) Market of Bursa Securities in January 2004, said it had fulfilled the requirement of achieving a minimum cumulative net profit of RM20 million in the past three years, despite the impact of the Covid-19 pandemic and subsequent movement control orders.
OpenSys said the steady bottom line had enabled it to declare and distribute consistent dividends to shareholders on a quarterly basis since October 2018.
OpenSys chief executive officer Eric Lim said OpenSys’ steady profit and dividend track record even amid the challenging external circumstances was underpinned by its adaptive and resilient business model.
“We support our customers’ business growth with more roll-outs in the expansion phase, and sustain their current suite of services by providing continuous maintenance during economic uncertainty,” he said.
“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,” he said.
At the midday break on Wednesday, OpenSys had dipped 1.59% or half a sen to 31 sen, with 97,900 shares traded.
Source: The Edge Market
