KUALA LUMPUR, December 21 — KJTS Group Berhad, a prominent building support services provider operating in Malaysia, Singapore, and Thailand, has received approval from Bursa Malaysia Securities Berhad for its listing on the ACE Market. The approval marks a significant milestone for the Group, paving the way for its initial public offering (IPO) of approximately 218.03 million new ordinary shares. This offering represents 31.69% of the Group’s enlarged issued share capital of 688.00 million ordinary shares. KJTS Group, with its roots dating back to 1984, has undergone substantial growth and evolution under the leadership of its current management team.
The Group specializes in delivering essential services such as cooling energy, cleaning, and facilities management. These services play a vital role in the proper functioning of various buildings, including commercial properties, manufacturing facilities, and institutional buildings. The IPO, detailed in KJTS’ draft prospectus on the Bursa Malaysia website, involves no offer for sale and includes a retail offering of 49.40 million new ordinary shares and an institutional offering of approximately 168.63 million new ordinary shares.Mr. Lee Kok Choon, Managing Director of KJTS Group, expressed gratitude for Bursa Malaysia’s approval, emphasizing the significance of the IPO in elevating KJTS’ profile.
He stated that the listing is a pivotal step for the Group to extend its market reach and secure funding for future growth, particularly in the cooling energy segment. The IPO is managed by Hong Leong Investment Bank Berhad, serving as the Principal Adviser, Sponsor, Sole Underwriter, and Sole Bookrunner. The funds raised are expected to contribute significantly to KJTS Group’s strategic plans and its vision to establish itself as a leading provider in the building support services industry.
