KUALA LUMPUR (March 27): CC International Bhd, a multi-disciplinary professional business services provider, has proposed transferring its listing from the LEAP Market to the ACE Market of Bursa Malaysia.

The move follows an assessment of the company’s financial performance, growth prospects and the need for larger equity fund-raising exercises, CC International said in a bourse filing on Friday.

CC International said the transfer is expected to enhance its credibility and reputation among investors, while improving the liquidity and marketability of its shares by providing access to a broader pool of investors and supporting the company’s long-term growth and expansion strategy.

Under the proposal, CC International will voluntarily withdraw from the LEAP Market and seek a listing and quotation for its entire issued share capital on the ACE Market. The company also plans to adopt a new constitution in full to align with ACE Market listing requirements.

As of March 17, CC International’s issued share capital stood at RM76 million, comprising 479.7 million shares.

Having been listed on the LEAP Market since June 2022, the company has met the two-year listing requirement for an ACE Market transfer.

CC International will seek Bursa Malaysia’s approval for relief from extending an exit offer to minority shareholders. This will require letters of undertaking from all minority shareholders waiving their entitlement to an exit offer, as well as approval to forgo the appointment of an independent adviser.

The transfer was proposed by CC International’s executive chairman Datuk Chua Hock Hoo, who holds 58.85% of shares through Cheng & Co Holdings Sdn Bhd.

The proposed transfer is subject to approvals from the company’s shareholders, Bursa Malaysia, the Securities Commission, and the Ministry of Investment, Trade and Industry, with completion expected in the first quarter of 2027.

Malacca Securities has been appointed as principal adviser and sponsor to CC International.

Originating from Cheng & Co in 1998, CC International provides one-stop accounting, taxation, corporate secretarial, business consultancy and wealth management services, with a focus on cloud-based accounting outsourcing.

The company posted a net profit of RM8.16 million on revenue of RM50.7 million for the year ended Dec 31, 2025, with a gross profit margin of 38.3%.

Its shares last traded at 35 sen, giving the company a market capitalisation of RM167.9 million.