KUALA LUMPUR, June 10 – Go Hub Capital Berhad (“Go Hub”), a leading provider of transportation information technology (IT) solutions, has entered into an underwriting agreement with UOB Kay Hian Securities (M) Sdn Bhd (“UOBKH”) in preparation for its Initial Public Offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”). The IPO involves a public issue of 107.18 million new ordinary shares, with allocations for the Malaysian public, eligible persons, and selected institutional investors.
Go Hub’s Executive Director and CEO, Mr. Tan Cherng Thong, emphasized that the IPO is a strategic move to expand their technological capabilities and workforce, enhancing their IT solutions for the transportation industry. Mr. David Lim, CEO of UOB Kay Hian Securities, highlighted Go Hub’s strong performance and innovative solutions, expressing enthusiasm about supporting Go Hub’s transition into a publicly listed company. The IPO proceeds will primarily fuel Go Hub’s business expansion plans and digital transformation efforts.
