Southern Score Builders Berhad announced that it is exploring a proposed transfer of SSBB's entire issued share capital from the ACE Market to the Main Market of Bursa Malaysia Securities Berhad.

To facilitate the Proposed Transfer, the Group intends to incorporate the relevant amendments to the Constitution of SSBB upon completion of the Proposed Transfer to be in line with the Main Market Listing Requirements of Bursa Securities. In this regard, the Board of Directors of SSBB will be seeking the approval of the shareholders of SSBB on the Proposed Amendments, at the upcoming Annual General Meeting to be held on 12 December 2024.

SSBB had earlier obtained shareholders' approval for the proposed acquisition of a 51.0%-stake in SJEE for RM23.0 million. The Proposed Acquisition comes with a profit guarantee that SJEE shall achieve a cumulative profit after tax of not less than RM15.0 million over a 3-year period.