Farm Price Holdings Bhd Receives Approval to Transfer from the ACE Market to the Main Market
Farm Price Holdings Bhd (ticker FPHB) announced that the Securities Commission Malaysia (SC) has granted approval for the company to transfer its entire issued share capital and warrants from the ACE Market to the Main Market of Bursa Malaysia Securities Berhad. The approval, confirmed in filings and statements released on 21 July 2026, is valid for six months and represents a significant milestone in the company’s growth strategy.
Background
Farm Price Holdings is a Johor‑based wholesaler and distributor of fresh vegetables, food and beverage products, and other groceries. The company was listed on the ACE Market (formerly the ACE Market) in February 2024 and was the first fresh‑vegetable distributor in Malaysia to go public on that board. Its listing has been used as a platform for expanding operations across Malaysia and Singapore, and for strengthening ties with cross‑border suppliers and customers.
Key Points from the Approval
| Item | Detail |
|---|---|
| Approval Source | Securities Commission Malaysia |
| Transfer Scope | Entire issued share capital and all warrants |
| Current Exchange | ACE Market |
| Target Exchange | Main Market of Bursa Malaysia |
| Validity of Approval | 6 months |
| Compliance Highlight | Company has met Bumiputera equity requirements for Bursa Securities listed entities |
| Strategic Rationale | Increase visibility among institutional and retail investors, improve access to capital markets, and support expansion in core markets |
| Corporate Governance | The move is seen as a reflection of the company’s maturity, transparency, and alignment with Malaysia’s food‑security agenda |
Management Commentary
Managing Director Dr. Lawrence Tiong Lee Chian stated that migrating to the Main Market “has always been our goal” and would “further enhance our visibility among institutional and retail investors, improve access to capital markets, and strengthen our platform to support expansion across both our core markets in Malaysia and Singapore.” He added that the transfer will elevate the company’s stature when dealing with cross‑border customers and suppliers, and that it underscores Farm Price’s strategic trajectory as a pioneering listed fresh‑vegetable distributor.
Operational Implications
The company plans to continue focusing on expanding its operational capacity to meet the growing demand in the Malaysian and Singaporean markets. A newly expanded central distribution centre in Johor Bahru, which has been under construction, is expected to become operational in the coming months. The Main Market transfer is expected to provide a stronger capital‑raising framework to support this expansion.
Market Impact
Farm Price’s market capitalisation, as of 19 July 2026, stands at MYR 162 450 000. The company’s share price has traded within a 52‑week range of MYR 0.29 to MYR 0.46, closing at MYR 0.35 on 19 July 2026. The upcoming listing transfer may attract a broader investor base and could potentially improve liquidity and price discovery for the stock.
Conclusion
The SC’s approval marks a key developmental step for Farm Price Holdings Bhd. By moving to the Main Market, the company aims to enhance its market profile, strengthen capital‑market access, and support continued expansion in Malaysia and Singapore while reinforcing its role in Malaysia’s food‑security framework.
