KUALA LUMPUR - Malaysian-based KJTS Group Bhd is poised to make its debut on the ACE Market of Bursa Malaysia on January 26, following an impressive oversubscription rate of 31.28 times for its initial public offering (IPO). The company, which specializes in sustainable building support services, has attracted significant investor interest, with applications totaling RM299.78 million.
The robust demand for KJTS Group's shares is a testament to the confidence investors have in the company's strategic focus on the cooling energy sector across Malaysia, Singapore, and Thailand. Both Bumiputera and the general public have shown a keen interest in the offering, which is expected to bolster KJTS Group's capacity to expand and enhance its services within the energy-efficient sector.
By going public, KJTS Group aims to raise necessary funds that will enable the company to pursue its strategic initiatives and continue its growth trajectory in the sustainable energy industry.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.