Cloudaron Becomes First Company Listed on LEAP Market

Cloudaron Group Berhad is officially the first company to be listed on Bursa Malaysia’s new Leading Entrepreneur Accelerator Platform (LEAP) Market.

The company, which specialises in providing technology solutions for cloud, workspace transformation and services for business enterprises, have issued 50 million shares, equivalent to 6.4% of its enlarged share capital, to selected investors at an issue price of RM0.11 per share.

Gopi Ganesalingam, Malaysia Digital Economy Corporation (MDEC) Vice President, Enterprise Development; Dato’ Larry Gan, Cloudaron’s Chairman; Ong Chang Jeh, Managing Director and CEO of Cloudaron, with Cloudaron’s Director, Joeliardi Sunendar and Executive Director, Lum Piew.

Apart from planning to go regional with expansion to Indonesia and the Philippines, Cloudaron also plans to pay an annual dividend of up to 20% of its future net profits. Currently, Cloudaron’s orderbook is above RM18 million.

In his speech, Managing Director and CEO of Cloudaron, Ong Chang Jeh says: “We are overwhelmed by the strong support and interest we received fofr our listing. This gives us the best possible start as a newly listed entity – a firm indication of the faith and confidence our investors have placed in us, which will definitely spur us on to grow our business and scale to greater heights post-listing.”

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