<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 13): The board of LEAP Market-listed SL Innovation Capital Bhd is contemplating a transfer to the ACE Market of Bursa Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing on Tuesday (June 13), SL Innovation shared that it had received a letter from its major shareholder Soon Seng Teck, who is also the group’s managing director, requesting the board to consider undertaking the proposed transfer of its listing.</p></div>

<div class=newsTextDataWrapInner><p>The group said that the board, except Soon, will deliberate on this matter further.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>SL Innovation is principally involved in the provision of information technology infrastructure technology solutions, as well as enterprise software solutions.</p></div>

<div class=newsTextDataWrapInner><p>The group was listed on the LEAP Market on May 21, 2018, with an initial price offering of 18 sen.</p></div>

<div class=newsTextDataWrapInner><p>In terms of financial performance, the group posted a net profit of RM4.05 million for the financial year ended Dec 31, 2022, on the back of a revenue of RM34.53 million.</p></div>

<div class=newsTextDataWrapInner><p>SL Innovation&nbsp;shares were last traded at 38.5 sen, giving the group a market capitalisation of RM48.9 million.</p></div>


The board of LEAP Market-listed SL Innovation Capital Bhd is contemplating a transfer to the ACE Market of Bursa Malaysia.

In a bourse filing on Tuesday (June 13), SL Innovation shared that it had received a letter from its major shareholder Soon Seng Teck, who is also the group’s managing director, requesting the board to consider undertaking the proposed transfer of its listing.

SL Innovation considering transfer to ACE Market from LEAP Market

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“The negotiations are still ongoing, but GFM...

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