PETALING JAYA: GHL Systems Bhd has applied to Bursa Malaysia Bhd to withdraw its listing status, with its shares to be suspended on Wednesday, July 31, 2024, at 9am.
A filing with the exchange said the withdrawal is based on Paragraph 16.07 of Bursa’s main market listing requirements.
To recap, on July 4, GHL informed the exchange that NTT Data Japan Corporation (NTTD Japan) had received acceptances for 387.88 million shares in GHL, representing a 33.98% stake.
This brings NTTD Japan’s total equity interest in the payment services provider to 92.71%, and it does not intend to maintain GHL’s listing status.
Established in 1994, GHL is a local payment services provider and one of the top merchant acquirers in the Asean region.
At the close of trading, GHL’s share price was unchanged at RM1.06, giving the group a market capitalisation of RM1.21 billion.