PETALING JAYA: LYC Healthcare Bhd is withdrawing the proposed listing of its subsidiary, LYC Medicare (Singapore) Pte Ltd (LYCSG), on the Catalist Board of the Singapore Exchange Securities Trading Ltd.
In a filing with Bursa Malaysia, LYC Healthcare said it had resolved to withdraw the proposed listing in view of the prevailing market conditions in the Singapore equity market.
“The withdrawal is not expected to have any material impact on the consolidated earnings per share and net asset per share of the company for the financial year ending March 31, 2025.”
LYC Healthcare is considering to list LYCSG in other exchanges, subject to evaluation on the listing suitability and structure by advisers to be appointed.
“Having considered all aspects, the board is of the opinion that the withdrawal is in the best interest of the company,” it said.