CORP BRIEF: Southern Cable, JC3 and Matrade


Southern Cable to transfer to Main Market by 4Q21

SOUTHERN Cable Group Bhd secured shareholders’ approval for the proposed amendments to the company’s constitution, paving the way for the transfer of its listing status to the Main Market of Bursa Malaysia Securities Bhd. In a statement yesterday, the group stated that it is aiming for the transfer listing to take place in the fourth quarter of 2021 (4Q21), pending approvals from the Securities Commission Malaysia and Bursa Malaysia Securities. Southern Cable was listed on the ACE Market of Bursa Malaysia Securities on Oct 16, 2020, at an IPO price of RM0.34 per share.

JC3 to host Finance for Change Virtual Conference

THE Joint Committee on Climate Change (JC3), a platform for building climate resilience within the Malaysian financial sector, will host its flagship event on climate change, Finance for Change Virtual Conference from June 23 to June 25 this year. The conference is aimed to share knowledge, best practices and solutions in tackling climate change. It is also another key initiative towards reinforcing the importance of a sustainable future for Malaysia, said Bank Negara Malaysia (BNM) and the Securities Commission Malaysia in a joint statement yesterday. BNM deputy governor and co-chair of JC3 Jessica Chew Cheng Lian (picture) said the financial sector is uniquely placed to play a catalytic role in enabling the transition towards a low-carbon economy. — Bernama

Matrade, Amazon to help expand local SMEs

MALAYSIA External Trade Development Corp (Matrade) is collaborating with e-commerce giant Amazon Global Selling to jointly promote Malaysian-made products to a global audience. In a statement yesterday, Matrade said an area of focus is the joint promotion of Matrade’s eTrade 2.0 Programme, aimed to assist new companies in embarking on cross-border e-commerce, as well as educating small and medium enterprises (SMEs) on how they can use the tools and resources offered through the initiative to begin their journey selling globally through Amazon. — Bernama