KJTS Group Berhad saw its debut today on the ACE Market of Bursa Malaysia Securities Berhad with the share price jumping to RM0.44 per share, showcasing a significant 62.96% premium over the IPO price of RM0.27 per share.
The company specialises in cooling energy management, cleaning, and facilities management services, KJTS and its subsidiaries is an established player in the building support services industry. The Company’s in-house engineering capabilities and commitment to sustainability have been instrumental in delivering high-quality services and contributing to clients’ environment, social and governance targets, including reducing carbon dioxide emissions.
The successful initial public offering of KJTS Group Berhad raised RM58.87 million, allocated as follows: RM44.92 million towards the expansion of the cooling energy segment and office expansion in Malaysia, Thailand, and Singapore; RM8.12 million for working capital; and RM5.83 million set aside for listing expenses.
Independent Non-Executive Chairman of KJTS Group Berhad, Puan Azura Binti Azman “The positive investor response to our IPO underscores the market’s belief in our capabilities and growth potential. We look forward to utilising this momentum to drive KJTS’s growth and to solidify our position in the building support services sector.”
Hong Leong Investment Bank Berhad is the Principal Adviser, Sponsor, Sole Underwriter, and Sole Bookrunner.
