KUALA LUMPUR (Dec 21): ACE Market-listed Greatech Technology Bhd has received approval from Bursa Malaysia to transfer its listing to the Main Market.

In a bourse filing, the company said it will be transferring its listing to the Main Market effective Dec 28, and will be placed under the technology sector.

The company has a share capital of 626 million shares.

In a separate statement, Greatech said its wholly-owned subsidiary Greatech Integration (M) Sdn Bhd had secured more orders from an existing customer, resulting in its total order book rising to RM369.20 million to date, from RM266.90 million as of Nov 27.

“The tenure of the orders will span across the next financial year and [they are expected] to contribute positively to the group’s earnings.

“Based on the orders secured by the group for year to date, the group expects its business performance to be positive for the next financial year,” it said.

The company had first announced its intention to move to the Main Market on Aug 11.

Shares in Greatech finished 0.6% or five sen lower at RM8.28, valuing the company at RM5.18 billion.