IPO targets strategic expansion and strengthening of operations across Southeast Asia.
KJTS
KJTS Group Berhad (“KJTS” or the “Company”) and its subsidaries collectively referred to as the KJTS Group. A building support services provider in Malaysia, Thailand and Singapore .
Pleased to announce the Company’s launch of the prospectus for upcoming initial public offering (“IPO”) on the ACE Market of Bursa Malaysia Securities Berhad.
ALLOCATION
The IPO aims to raise RM 58.9 million through the issuance of 218.03 million new shares at a retail price of RM0.27 per share. The proceeds from the IPO will be allocated as per follows:
-Business expansion, including RM 40.4 million specifically for the expansion of the Cooling energy Segment worth RM 44.9 million
-Expansion of offices in Malaysia, Thailand and Singapore worth of RM 4.5 million
-Working capital for RM 8.1 million
-Defray listing expenses worth of RM5.8 million
SIGNIFICANT MILESTONE
“I am proud to be part of this pivotal moment out prspectus launch.
This step marks a significant milestone fo KJTS, symbolising our commitment to growth and innovation in the building support services industry.
It paves the way for us to enhance our servcies and expand our reach in Malaysia, Singapore and Thailand. We are optimistic about the future and the opportunites this IPO opens for our company.
Our IPO also marks a significant step in scaling our operations and enhancing our service offerings in Malaysia, Singapore and Thailand.
The focus on expanding our Cooling Energy Segment and our regional office network reflects our commitment to meeting the growing demand for high-quality building support services
-stated Executive Director of KJTS Group Berhad, Mr Sheldon Wee Tah Poh
STRATEGIC VISION
“As we step into an era where sustainability and efficiency are valued, KJTS is well-positioned to meet these challenges head-on.
KJTS’s strategic vision, combined with operational excellence, ensures their continued growth and competitive edge in the building the support services sector.
Also has demonstrated consistent growth, underpinned by the Group’s expertise in EPCC of cooling energy systems, cleaning services and FM services.
The Company’s commitment to quality, efficiency and sustainability has established it as an established provider in Malaysia, Singapore and Thailand.
-share Group Managing Director/Chief Executive Officer of Hong Leong Investment Bank Berhad, Ms Lee Jim Leng.