{"id":6539,"date":"2024-11-25T21:30:34","date_gmt":"2024-11-25T13:30:34","guid":{"rendered":"https:\/\/klhappenings.com\/?p=6539"},"modified":"2024-11-25T21:30:36","modified_gmt":"2024-11-25T13:30:36","slug":"topvision-launches-prospectus-for-the-transfer-of-listing-from-the-leap-market-to-ace-market","status":"publish","type":"post","link":"https:\/\/klhappenings.com\/?p=6539","title":{"rendered":"TOPVISION LAUNCHES PROSPECTUS FOR THE TRANSFER OF LISTING FROM THE LEAP MARKET TO ACE MARKET"},"content":{"rendered":"\n<p><em>Company Sets To Raise RM17.89 Million From ACE Market PO<\/em><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"697\" height=\"984\" src=\"https:\/\/klhappenings.com\/wp-content\/uploads\/2024\/11\/WhatsApp-Image-2024-11-25-at-21.26.38_77e44f5e.jpg\" alt=\"\" class=\"wp-image-6540\" srcset=\"https:\/\/klhappenings.com\/wp-content\/uploads\/2024\/11\/WhatsApp-Image-2024-11-25-at-21.26.38_77e44f5e.jpg 697w, https:\/\/klhappenings.com\/wp-content\/uploads\/2024\/11\/WhatsApp-Image-2024-11-25-at-21.26.38_77e44f5e-213x300.jpg 213w\" sizes=\"auto, (max-width: 697px) 100vw, 697px\" \/><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.tvesc.com\/en\/\"><strong>TOPVISION Eye Specialist Berhad<\/strong><\/a> (\u201c<strong>TOPVISION<\/strong>\u201d or the <strong>\u201cCompany<\/strong>\u201d), an experienced player in medical eye care services in Malaysia, is pleased to announce the launch of its prospectus for the upcoming Public Offering in conjunction with TOPVISION\u2019s transfer of listing from the LEAP Market to the ACE Market of Bursa Malaysia Securities Berhad (\u201cBursa Securities\u201d), a move that underscores its continuous commitment to delivering high-quality eye healthcare nationwide as well as boosts TOPVISION\u2019s public market visibility.<\/p>\n\n\n\n<p>This Public Offering aims to raise RM17.89 million through the issuance of 54.22 million new ordinary shares at a retail price of RM0.33 per share. The funds raised from this exercise will be allocated as follows:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>RM7.90 million<\/strong> for the establishment of the TOPVISION International Eye Specialist Centre in Klang Valley, a tertiary eye ambulatory care centre with subspecialty services like retinal surgery, cornea transplants, and paediatric ophthalmology to meet patient needs and elevate eye healthcare standards.<\/li>\n\n\n\n<li><strong>RM5.00 million <\/strong>for expanding the ACC network with new centres in Kuala Terengganu and Tawau, Sabah, expanding TOPVISION\u2019s presence in East Malaysia and enhancing access to quality eye care.<\/li>\n\n\n\n<li><strong>RM0.50 million <\/strong>for purchase of machines, including phacoemulsification machines to improve service quality across TOPVISION\u2019s network.<\/li>\n\n\n\n<li><strong>RM4.50 million <\/strong>for listing expenses for the transfer of listing from the LEAP Market to the ACE Market of Bursa Securities.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"906\" height=\"621\" src=\"https:\/\/klhappenings.com\/wp-content\/uploads\/2024\/11\/WhatsApp-Image-2024-11-25-at-21.26.38_fd70efaa.jpg\" alt=\"\" class=\"wp-image-6541\" srcset=\"https:\/\/klhappenings.com\/wp-content\/uploads\/2024\/11\/WhatsApp-Image-2024-11-25-at-21.26.38_fd70efaa.jpg 906w, https:\/\/klhappenings.com\/wp-content\/uploads\/2024\/11\/WhatsApp-Image-2024-11-25-at-21.26.38_fd70efaa-300x206.jpg 300w, https:\/\/klhappenings.com\/wp-content\/uploads\/2024\/11\/WhatsApp-Image-2024-11-25-at-21.26.38_fd70efaa-768x526.jpg 768w\" sizes=\"auto, (max-width: 906px) 100vw, 906px\" \/><\/figure>\n\n\n\n<p><strong>Dr. Peter Chong Kuok Siong, Chief Executive Officer and Executive Director of TOPVISION<\/strong> said, \u201cWe are thrilled to launch our prospectus, marking TOPVISION\u2019s another milestone in the process of transfer its listing to the ACE Market. This move not only accelerates our growth but underscores our commitment to advancing eye healthcare across Malaysia. With funds raised, we will expand our ACC network, establish TOPVISION International, and invest in new machines, all aimed at enhancing patient care. This listing reflects our dedication to sustainable growth, clinical excellence, and our mission to improve the quality of life for our patients.\u201d<\/p>\n\n\n\n<p><strong>Mr. Phang Siew Loong, Head of Equity Market of Hong Leong Investment Bank Berhad <\/strong>commented, \u201cTOPVISION\u2019s transition to the ACE Market marks a pivotal milestone in its growth journey. We are proud to support TOPVISION as it builds on its strong foundation of clinical excellence and patient-centered care. With this listing, TOPVISION is well-positioned to meet the growing demand for specialised eye care, aligning with Malaysia\u2019s healthcare goals and paving the way for sustainable growth and innovation in the sector.\u201d<\/p>\n\n\n\n<p>The medical eye care industry in Malaysia is projected to grow significantly, with revenue expected to expand at a compound annual growth rate (\u201cCAGR\u201d) of 10.0% from RM849.50 million in 2024 to RM1,249.40 million by 2028. This growth is driven by several key demand and supply factors. On the demand side, factors include steady population growth, an ageing population, increased medical tourism, growing consumer affluence, and a rise in lifestyle-related diseases. Meanwhile, supply-side growth is supported by advancements in medical eye care technology and strong government support.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.hlib.com.my\/\"><strong>Hong Leong Investment Bank Berhad<\/strong><\/a><strong> <\/strong>is the Principal Adviser, Sponsor, Sole Underwriter and Sole Bookrunner.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Company Sets To Raise RM17.89 Million From ACE Market PO TOPVISION Eye Specialist Berhad (\u201cTOPVISION\u201d or the \u201cCompany\u201d), an experienced player in medical eye care services in Malaysia, is pleased to announce the launch of its prospectus for the upcoming Public Offering in conjunction with TOPVISION\u2019s transfer of listing from the LEAP Market to the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6541,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[898,10,158],"tags":[89,1465],"class_list":["post-6539","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ace-market","category-business","category-ipo-prospectus","tag-ipo","tag-topvision-launches-prospectus-for-the-transfer-of-listing-from-the-leap-market-to-ace-market"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/klhappenings.com\/wp-content\/uploads\/2024\/11\/WhatsApp-Image-2024-11-25-at-21.26.38_fd70efaa.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/klhappenings.com\/index.php?rest_route=\/wp\/v2\/posts\/6539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/klhappenings.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/klhappenings.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/klhappenings.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/klhappenings.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6539"}],"version-history":[{"count":1,"href":"https:\/\/klhappenings.com\/index.php?rest_route=\/wp\/v2\/posts\/6539\/revisions"}],"predecessor-version":[{"id":6542,"href":"https:\/\/klhappenings.com\/index.php?rest_route=\/wp\/v2\/posts\/6539\/revisions\/6542"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/klhappenings.com\/index.php?rest_route=\/wp\/v2\/media\/6541"}],"wp:attachment":[{"href":"https:\/\/klhappenings.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/klhappenings.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/klhappenings.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}