Inta Bina's shares up on proposed transfer to Main Market

PETALING JAYA: Inta Bina Group Bhd's share price rose 4.62% this morning after it proposed to undertake a transfer of its listing from the ACE Market to the Main Market of Bursa Malaysia Securities Bhd.
At 11.43am, Inta Bina stood at 34 sen with 966,300 shares done.
Inta Bina said the group and its subsidiary Inta Bina Sdn Bhd (IBSB) have satisfied the requirements for the transfer listing, including profit requirements, healthy financial position and public shareholding spread.
IBSB's aggregate net profit for the past three years is RM39.84 million with RM15.6 million for FY17, being the most recent financial year.
As at Dec 31, 2017, Inta Bina's current assets stood at RM174.73 million while current liabilities were at RM130.69 million. Its current ratio, which is calculated as current assets over current liabilities, was at 1.34 times, reflecting the ability to meet short-term obligations.
It is also in a healthy financial position with no accumulated losses.