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FIVE years since Bursa Malaysia introduced the Leading Entrepreneur Accelerator Platform (LEAP) to give start-ups and small and medium enterprises (SME) an alternative platform to raise capital, there is finally momentum on the long-awaited framework to facilitate the transfer of eligible listings from LEAP to the ACE Market.
KUALA LUMPUR: Sapura Energy Bhd’s (pic) group chief executive officer (CEO) and a major shareholder’s move to raise their stakes in the Practice Note 17 (PN17) company is a positive sign for existing shareholders and the financially distressed oil and gas support service provider, according to BIMB Securities Research analyst Azim Faris Abdul Rahim.
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