20-year-old Jati Tinggi Group Berhad has unveiled its prospectus in anticipation of its forthcoming initial public offering on the ACE Market of Bursa Malaysia Securities Berhad.
The Group aims to raise RM18.04 million through the issuance of 66.80 million new shares priced at RM0.27 per share. The capital to be raised will be allocated to support the Group’s growth, enhance operational capacities, and strengthen its financial position.
The proceeds will be utilised for repayment of bank borrowings, general working capital, asset purchase, and listing fees.
Managing Director of Jati Tinggi, Dato’ Seri Lim Yeong Seong remarked, “At Jati Tinggi, we strive to achieve operational excellence and embrace sustainable practices. This IPO marks a key milestone; it reflects our dedication to excellence and for sustainability as well as growth. The funds to be raised will play a crucial role in enhancing our capabilities in supporting our future growth as our Group will have access to a larger pool of financial resources which would facilitate our Group’s efforts to secure and undertake more and/ or larger projects in the future.”
TA Securities is the Principal Adviser, Sponsor, Underwriter and Placement Agent for the IPO.
