Revenue Group Bhd has proposed to transfer its listing from the ACE Market to the Main Market of Bursa Malaysia Securities after satisfying the requirements for the transfer, which include profit requirements, healthy financial position and public shareholding spread.
As at June 30, 2020, its current assets stood at RM74.9 million while its current liabilities were at RM48.4 million. The group’s current ratio of 1.5 times as at June 30, 2020 reflects its ability to meet short-term obligations. In addition, it has cash and short-term deposits of RM35.5 million and had generated positive cash flow from operating activities during FY18, FY19 and FY20.
As at Nov 4, 2020, the issued share capital of the company is RM55.7 million comprising 394.81 million shares and 66.19% of the shares is held by 15,254 public shareholders holding not less than 100 shares each.