KUALA LUMPUR (Sept 8): Critical Holdings Bhd (KL:CHB) said on Monday it has secured regulatory approval for transfer to the Main Market less than two years after its listing on the ACE Market.

The Securities Commission Malaysia approved the transfer in a letter dated Sept 3, 2025, and took note that the company had complied with the Bumiputera equity requirement for public listed companies, according to the company's exchange filing.

Shares of Critical Holdings, a Penang-based company focusing on mechanical, electrical and process utilities engineering, have risen 66% from this year’s low of 58 sen in April. The stock has nearly tripled from its listing price in December 2023.

At 3.30pm, Critical’s share price fell half a sen or 0.52% to 96 sen on Monday, valuing the company at RM357 million.

CEO Tan Si Lim and chief operating officer Chow Chin Seang control the company with 70% equity interest held via their private vehicle TCCO Holdings Sdn Bhd.

Net profit for the financial year ended June 30, 2025 (FY2025), rose 45% to RM27.96 million as revenue improved.

Revenue increased 22.6% to RM328.92 million in FY2025. The engineering segment remained its largest revenue contributor, accounting for 95% of the total revenue in FY2025, while the rest came from the maintenance-and-services segment.