Latest news with #BursaMalaysiaSecuritiesBerhad
BusinessToday
03-07-2025
- Business
- BusinessToday
A1 A.K Koh Group IPO Oversubscribed By 1.11 Times
A1 A.K. Koh Group Berhad announced that the public portion of its Initial Public Offering on the ACE Market of Bursa Malaysia Securities Berhad has been oversubscribed, reflecting strong investor confidence. The IPO, which involves a total of 218,400,000 shares, comprises both a public issue of new shares and an offer for sale of existing shares. The public portion saw a total of 2,289 applications for 46,802,300 Issue Shares, valued at RM11,700,575, resulting in an overall subscription rate of 1.11 times. Specifically, the other Malaysian public portion recorded a subscription rate of 2.03 times, with 1,848 applications for 42,701,200 Issue Shares. Mr. Koh Lian Jie, Non-Independent Executive Director / Chief Executive Officer of A1 AKK, expressed his gratitude for the supportive response to the IPO. 'As a homegrown processed F&B company with a diverse product range that resonates with Malaysian households, we remain focused on scaling our operations, deepening our domestic reach, and gradually strengthening our presence in strategic international markets to create enduring value as we move forward,' he stated. Notices of allotment will be mailed to successful applicants by July 10, 2025. A1 A.K. Koh Group Berhad is scheduled to be listed on the ACE Market of Bursa Malaysia on July 11, 2025. AmInvestment Bank Berhad is the Principal Adviser, Sponsor, Underwriter, and Placement Agent for this IPO. Related
Borneo Post
26-06-2025
- Business
- Borneo Post
Unique Fire transfers to Main Market after strong growth since 2022 listing
Liew (fifth from left) at the company's transfer listing ceremony to the Main Market of Bursa Malaysia Securities Berhad on Thursday. KUALA LUMPUR (June 26): Unique Fire Holdings Berhad has made its debut on the Main Market of Bursa Malaysia Securities Berhad, just three years after being listed on the ACE Market. The company, a leading provider of fire protection systems and safety equipment, was first listed on the ACE Market in August 2022. Since then, it has recorded significant growth in both operations and financial performance, according to the company in a statement yesterday. Executive director Datuk Marcus Liew noted that the company's revenue rose from RM75.74 million in the financial year ended 2022 to RM104.68 million in 2024. Profit after tax also increased from RM5.64 million to RM8.13 million over the same period. 'We've expanded our production capacity by more than 200 per cent, increased storage space by nearly 68 per cent, and integrated a Warehouse Management System. 'Geographically, we've opened two new offices in Johor Bahru and Penang to enhance the Company's market presence in both the northern and southern region. 'Sustainability remains key, with rooftop solar PV reducing utility costs, while our workforce and product range continue to grow. These milestones reflect our readiness for the Main Market,' he said. Liew described the transfer as a new chapter for the company and that the company will continue expanding its product range to meet evolving market needs. 'We are excited for what lies ahead. With years of experience in the industry, we are confident in our ability to build a solid foundation that supports continued growth,' he added. Unique Fire began as a distributor of fire protection systems and accessories, and has since expanded into the assembly, manufacture and distribution of active fire protection systems. Its product range includes fire suppression systems, extinguishers, hose reels, hoses, alarms, detection devices and custom-designed extinguishers. ace market corporate news Unique Fire Holdings Berhad
