Not taking a Leap
POLYMER Links Bhd, a company that is into the business of developing and manufacturing compounded and non-compounded plastic powder, is seeking to withdraw its listing from the Leading Entreprenuer Accelerator Platform (Leap) market.
The company citied two reasons for the proposed withdrawal. Firstly, it was to streamline the business operations and restructure the entities within the group to realise the growth potential.
The second reason is the relatively low liquidity of its shares hinders the company’s ability to raise funds. Hence, a listing does not serve any purpose.
In relation to its withdrawal, the company had said that the promoters that control just above 90% of the company and four minority shareholders have agreed to the withdrawal of Polymer Link’s listing on the Leap market.
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