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CSA M'sia gets greenlight for mainboard listing

Summary

One of the country's leading systems integrators Computer Systems Advisers (CSA) Malaysia, has been given the green light by the Securities Commission (SC) to be listed on the Kuala Lumpur Stock Exchange (KLSE) Main Board.

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KUALA LUMPUR--One of the country's leading systems integrators Computer Systems Advisers (CSA) Malaysia, has been given the green light by the Securities Commission (SC) to be listed on the Kuala Lumpur Stock Exchange (KLSE) Main Board.

The company is currently listed on the Second Board where it has been since April 1997. The company statement announcing the approval did not indicate when the transfer would take place.

The announcement was part of a larger corporate exercise approved by the SC. It also included a proposed bonus issue of new ordinary shares of RM1 each on the basis of one new share for every existing share.

The SC also allowed a proposed rights issue of new shares at an indicative issue price of RM2.50 per share on the basis of two new shares for every five existing shares held, a proposed increase in authorised capital as well as proposed amendments to the CSA Malaysia share option scheme.

CSA Malaysia specialises in providing integrated solutions for multinational corporations and small-medium enterprises, with core strengths in software design, systems and network integration as well as engineering services.

Its share price was RM9.50 at the close of trading hours Monday.

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