PETALING JAYA: Supercomnet Technologies Bhd
(Scomnet) has received approval from Bursa Malaysia for the transfer of its entire issued share capital from the ACE Market to the Main Market of Bursa Malaysia.
In a statement, Scomnet said the transfer is expected to take place on Aug 21, 2023.
In April 1999, Scomnet became the first company to be listed on the ACE Market. The company’s principal activities are the manufacturing and assembly of medical devices and cables, automotive fuel tanks, as well as wires and cables for electrical appliances, consumer electronics and automotive markets.
Within the medical segment, which currently contributes the bulk of Scomnet’s gross profit, the group’s customers include established multinationals from the US and Europe, as well as new and emerging device manufacturers.
