Bursa Malaysia Securities Berhad (“Bursa Securities”) has decided to update the classification of sector and sub-sector for ARBB to come into effect on 9.00 a.m., Monday, 13 April 2020. The update in the classification of sector and sub-sector for ARBB is as follows:-
Company |
Stock Short Name |
Stock Number |
Current Sector |
Current Sub-sector |
New Sector |
New |
ARB BERHAD
|
ARBB |
7181 |
Industrial Products & Services
|
Wood and wood products |
Technology |
Software |
The stock number and stock short name for ARBB’s securities remain unchanged. The classification of sector and sub-sector for ARBB (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 and sub-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.