KJTS Group Berhad a building support services provider has received approval for the ACE Market of Bursa Malaysia Securities Berhad. The company is set to offer a total of approximately 218.03 million new ordinary shares, representing 31.69% of its enlarged issued share capital of 688.00 million ordinary shares, in its upcoming initial public offering.
According to KJTS’ draft prospectus for the IPO posted on Bursa Malaysia Berhad’s website, the listing exercise involves the IPO of approximately 218.03 million new ordinary shares or 31.69% of the enlarged issued share capital with no offer for sale.
Managing Director of KJTS Group, Mr. Lee Kok Choon, commented on IPO said “This listing is a pivotal step in elevating KJTS’ profile and further extending our market reach across Malaysia, Singapore, and Thailand. The IPO also opens doors to capital markets, enabling us to secure funding for our next phase of growth and expansion, particularly in our cooling energy segment.”
KC Lee further added, “The funds raised will significantly contribute to our strategic plans, including the expansion of our cooling energy segment in Malaysia and our operational presence in Malaysia, Singapore and Thailand. This move aligns with our long-term vision to solidify the Group’s position as a leading provider in the building support services industry.”
