YX Precious Metals Bhd (YXPM) has secured approval from Securities Commission Malaysia (SC) for its transfer to the Main Market of Bursa Securities.
Moving to the Main Market aligns with YXPM's strategy to enhance its profile and attract a broader range of investors.
Since its listing on the ACE Market, YXPM has consistently grown and strengthened its market position. The transition to the Main Market will provide the Group with increased visibility and recognition, helping to access new growth opportunities.
YXPM managing director Ng Sheau Chyn said, "We look forward to leverage new opportunities and drive our growth strategy forward."
For the financial year ended 31 Dec, 2023, the Group booked a net profit of RM9 million and revenue of RM239.8 million.
YXPM is an investment holding company. Through its subsidiaries, YXPM is principally involved in wholesaling, design and manufacturing of gold jewellery. YXPM also offers other related products and services including sale of scrap and pure gold bars, manufacture of silver chains, and provision of refining services for precious metals.