EPB Group Berhad (“EPB”), and its group of companies (the “Group”), an established one-stop food processing and packaging machinery solutions provider, has proposed a transfer of its listing from the ACE Market to the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”)(“Proposed Transfer”), marking a significant milestone in the Company’s corporate evolution. In conjunction with the Proposed Transfer, the Company has also announced that it will undertake proposed amendments to its Constitution to align with the Main Market Listing Requirements (“Proposed Amendments”).
The Proposed Amendments are primarily technical in nature and are intended to align the Company’s Constitution with the Main Market Listing Requirements of Bursa Securities, in preparation for the Proposed Transfer. These include updates to definitions within the Constitution, such as references to the applicable listing requirements framework, as well as refinements to governance-related provisions in line with Main Market standards.
In addition, the amendments introduce enhancements to corporate governance practices, including provisions relating to the tenure of independent directors, where continued service beyond nine years is subject to a maximum of twelve years, subject to shareholders’ approval via a two-tier voting process, in accordance with the Malaysian Code on Corporate Governance.
The Proposed Amendments form a necessary step in enabling EPB’s transition to the Main Market, which is expected to strengthen the Company’s corporate profile, enhance investor accessibility, and broaden its appeal to a wider base of institutional investors.
Mr. Yeoh Chee Min, Managing Director of EPB Group Berhad, commented, “The Proposed Transfer to the Main Market represents a natural progression for EPB as we continue to scale our business and strengthen our regional presence. These amendments ensure that our governance framework remains aligned with higher regulatory standards, reflecting our commitment to transparency, accountability and long-term value creation.”
The Proposed Amendments is subject to shareholders’ approval at an Extraordinary General Meeting (“EGM”) scheduled to be held on 8 April 2026 at Mertajam Hall, Holiday Inn & Suites Penang Prai, Pulau Pinang. The Proposed Amendments and the Proposed Transfer are inter-conditional and will take effect upon EPB’s successful transfer to the Main Market of Bursa Securities.
