KJTS Group Berhad saw its initial public offering for the Malaysian public oversubscribed by 31.28 times valuing it at RM299.7 million
The company received a total of 9,632 applications for 1,110,308,600 IPO Shares worth RM299.78 million from the Malaysian public, representing an oversubscription rate of 31.28 times.
Under the Institutional Offering, the Sole Bookrunner has confirmed that it has received offers to subscribe the 168,627,200 IPO Shares offered to institutional and selected investors.
KJTS has listed the institutional price at RM0.27 per IPO Share. Accordingly, the final retail price for the IPO Shares under the retail offering has also been fixed at RM0.27 per IPO Share.
Managing Director of KJTS, Mr. Lee Kok Choon shared:“The remarkable reception of our IPO reflects the market’s trust in KJTS’s strategic vision and prospects. This investor enthusiasm solidifies our dedication and commitment to deliver excellent building support services throughout its target audience.
Hong Leong Investment Bank Berhad is the Principal Adviser, Sponsor, Sole Underwriter, and Sole Bookrunner.
KJTS is set to debut on the ACE Market of Bursa Securities on 26 January 2024
