Pappajack gets green light to move to Main Market

PAWNSHOP operator Pappajack Holdings Bhd has received Bursa Malaysia approval to transfer its entire issued share capital from the ACE Market to the Main Market of the local stock exchange, under the financial services sector.

In a statement today, the company said the proposed transfer will take effect immediately two market days upon the announcement to Bursa Securities on the transfer date via Bursa LINK.

For the first half ended June 30, 2024, the company posted a net profit of RM6.1 million over a turnover of RM29.9 million.

Pappajack’s shares ended 0.5 sen lower at 96.5 sen today, resulting in a valuation of RM741 million. — TMR