Bursa Malaysia Securities Berhad (“Bursa Securities”) has decided to update the classification of sector for NCT ALLIANCE BERHAD (“NCT”) to come into effect on 9.00 a.m., Monday, 10 January 2022. The update in the classification of sector for NCT is as follows:-
Sector/Sub-sector |
Current |
New |
Sector |
Technology |
Property |
Sub-sector |
Digital Services |
Property |
The stock number and stock short name for NCT’s shares remain unchanged. The classification of sector for NCT (upon the company’s request) has been updated based on the criteria which take into account, among others, the following factors:-
- Changes in business activity for the company
- Core business activity contribution to company’s financial results.
The update in the classification of sector will ensure all investors and industry participants are kept informed on the latest development of public listed companies in the various sectors of the Bursa Securities’ Main Market, ACE Market and LEAP Market.