The listing on the Malaysian bourse will also potentially increase the liquidity of Q&M’s shares through separate trading platforms and it will enable the group to tap into additional platforms for future fund raising, Q&M adds.
According to the group, it has already appointed the relevant professional advisers, including the principal financial adviser in Malaysia and Singapore legal counsel, who have commenced preparatory work on the proposed secondary listing.
The listing is currently at a preliminary stage and will involve “extensive preparatory work” that make take an “uncertain length of time”.
As of April 17, no application has been made to the Securities Commission Malaysia in relation to the proposed secondary listing.
See also: Thakral associate GemLife considering IPO on Australian bourse
Shares in Q&M closed 1 cent higher or 3.7% up at 28 cents on April 17.
