Summary
- Enest transfers from LEAP to ACE Market.
- Shares opened at RM0.13.
- IPO raised RM15.11 million.
- Funds to repay loans and support operations.
KUALA LUMPUR, July 27 — Enest Group Berhad made its debut on the ACE Market of Bursa Malaysia, with its shares opening at RM0.13.
The edible bird’s nest processor and trader raised RM15.11 million through its initial public offering (IPO). The proceeds will be used to repay bank borrowings, fund working capital and cover listing expenses.
Established in 2015, Enest supplies processed edible bird’s nest products to distributors and retailers, with China remaining its largest export market.
