<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 14): SL Innovation Capital Bhd (KL:SLIC) announced that SJ Securities intends to terminate its service as a principal adviser and sponsor for its listing transfer to the ACE Market from LEAP Market.</p></div>

<div class=newsTextDataWrapInner><p>SJ Securities told SLIC that the termination was due to “inadequate resources” to continue as acting principal adviser and sponsor to facilitate the listing transfer, the company said in an exchange filing. SJ Securities’ services are set to cease on May 23, 2024, SLIC said.</p></div>

<div class=newsTextDataWrapInner><p>SLIC said it is currently looking for another principal adviser and sponsor for the listing transfer and it will make the necessary announcement in due course.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The proposed listing transfer to ACE Market was announced in June last year.</p></div>

<div class=newsTextDataWrapInner><p>SLIC is principally involved in the provision of information technology infrastructure technology solutions as well as enterprise software.</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>SLIC’s were last traded at 67 sen, giving the group a market capitalisation of RM87 million.</p></div>

<div class=newsTextDataWrapInner><p><em>Read also:<br />
<a href="https://theedgemalaysia.com/node/671028" target="_blank">SL Innovation considering transfer to ACE Market from LEAP Market</a></em></p></div>


SL Innovation Capital Bhd (KL:SLIC) announced that SJ Securities intends to terminate its service as a principal adviser and sponsor for its listing transfer to the ACE Market from LEAP Market.

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