KUALA LUMPUR, May 9 – Inspace Creation Berhad made a strong debut on the ACE Market of Bursa Malaysia on Thursday, opening at RM0.265 per share, a 6.00% premium over its IPO price of RM0.25.
Listed under the stock name INSPACE with stock code 0451, the interior fitting-out specialist raised approximately RM17.13 million from its public offering.
To support expansion plans, working capital, bank repayment and listing expenses. Executive Director Wong Chong Siong said the listing marked a major milestone for the company.
As it aims to expand beyond the Klang Valley and strengthen its capabilities through dedicated mock-up and storage facilities.
TA Securities Holdings Berhad, the principal adviser and underwriter for the IPO, said Inspace Creation is well-positioned.
To benefit from growing demand for commercial workspace transformation and Malaysia’s expanding interior fitting-out industry.
