A transportation IT solution provider, Go Hub Capital Berhad has received approval from Bursa Malaysia Securities Berhad to list on the ACE Market.
The company focuses on providing tailored IT solutions (encompassing customised software development systems and integration of hardware and software system) with an established track record in the bus and rail segments.
The initial public offering according to the prospectus comprises a public issue of 107,180,000 new ordinary shares in Go Hub.
This IPO does not involve an offer for sale and placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry as the operating company, NSS IT Solution Sdn Bhd has MSC Malaysia Status (now known as Malaysia Digital Status).
Commenting on the IPO, Tan Cherng Thong, Executive Director and CEO of Go Hub said “Securing the listing on ACE
Market marks a significant milestone for Go Hub as we continue to expand our market presence in the local
transportation segments. This aligns with our strategic vision to elevate our local public transportation systems
through continuous innovation and seamless integration of various mode of public transportation systems with
the aim to enhance daily commuting experience (with reliability, convenience and efficiency). We also aim to
continue to enhance our solution offerings and deliver greater value to our stakeholders.”
The company plans to use the proceeds to enhance and expand the its operations, with a primary focus on expanding its technical and operational capabilities as well as to support its expansion to new market segments.
UOB Kay Hian Securities (M) Sdn Bhd is the Principal Adviser, Sponsor, Underwriter and Placement Agent for Go Hub.
