KUALA LUMPUR, January 5 — Jati Tinggi Group Berhad, a prominent player in infrastructure utilities engineering, celebrated its debut on the ACE Market of Bursa Malaysia Securities Berhad. Trading under the stock name “JTGROUP” with the stock code “0292,” the shares opened at RM0.305, reflecting a 13.0% premium over the IPO price of RM0.27. Jati Tinggi specializes in a range of essential services, including procurement, installation, testing, and maintenance of underground and overhead utilities engineering services.
Substation EPCC services, and supply and installation of electrical equipment for electrical substations. The Group’s strong focus on project planning and management has solidified its position as a key player in Malaysia’s electricity supply industry. Through a successful IPO, Jati Tinggi raised RM18.04 million, allocating funds for various purposes. These include RM7.00 million for the repayment of bank borrowings, RM7.34 million for general working capital supporting new and existing projects, RM0.20 million for purchasing winch machines to aid business expansion, and RM3.50 million for listing expenses.
