{"id":4027,"date":"2024-01-05T17:58:45","date_gmt":"2024-01-05T09:58:45","guid":{"rendered":"https:\/\/klhappenings.com\/?p=4027"},"modified":"2024-01-05T17:58:47","modified_gmt":"2024-01-05T09:58:47","slug":"kjts-aims-to-raise-rm58-9-million-from-ace-market-ipo","status":"publish","type":"post","link":"https:\/\/klhappenings.com\/?p=4027","title":{"rendered":"KJTS aims to Raise RM58.9 Million from ACE MARKET IPO"},"content":{"rendered":"
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KJTS Group Bhd prospectus launch in conjunction with its upcoming listing on the ACE Market of Bursa Malaysia: (From left): KJTS independent non-executive director Dr Teoh Pek Loo, KJTS independent non-executive director Ng Kok Ken, KJTS executive director Sheldon Wee Tah Poh, Hong Leong Investment Bank Bhd group managing director and chief executive officer Lee Jim Leng, KJTS managing director Lee Kok Choon, KJTS independent non-executive director Elaine Law Soh Ying, and Hong Leong Investment Bank Bhd head of equity markets Phang Siew Loong\u00a0<\/em><\/figcaption><\/figure>\n<\/div>\n\n\n

KUALA LUMPUR, 5 JANUARY 2024<\/strong> \u2013 KJTS Group Berhad<\/strong><\/a> (\u201cKJTS<\/strong>\u201d or the \u201cCompany<\/strong>\u201d), and its subsidiaries (collectively referred to as the \u201cKJTS Group<\/strong>\u201d), a building support services provider in Malaysia, Thailand and Singapore, is pleased to announce the Company\u2019s launch of the prospectus for upcoming initial public offering (\u201cIPO<\/strong>\u201d) on the ACE Market of Bursa Malaysia Securities Berhad (\u201cBursa Securities<\/strong>\u201d).<\/p>\n\n\n\n

The IPO aims to raise RM58.9 million<\/strong> through the issuance of 218.03 million new shares at a retail price of RM0.27<\/strong> per share. The proceeds from the IPO will be allocated as follows:<\/p>\n\n\n\n