KUALA LUMPUR: Pekat Group Bhd

has secured approval from the Securities Commission Malaysia (SC) for its proposed transfer from the ACE Market to the Main Market of Bursa Malaysia.

In a filing with Bursa Malaysia, the company said the approval was granted on Nov 3 under Section 214(1) of the Capital Markets and Services Act 2007.

The SC also noted that Pekat had complied with the Bumiputera equity requirement for public-listed companies following its listing on the ACE Market.

Pekat, which has been listed on the ACE Market since June 2021, has a market capitalisation of approximately RM2.06bil, based on its five-day volume-weighted average share price of RM2.898 as at Oct 30.

For the financial year ended Dec 31, 2025, Pekat's net profit more than doubled to RM49.1mil from RM22.7mil, while revenue surged 112.4% to RM609.53mil.

For the first half ended June 30, 2026, net profit rose 12.6% to RM29.57mil, while revenue increased 23.8% to RM343.32mil.