Summary
- EcoSys shares open at RM0.70, up 159% from IPO price.
- Company raises RM39.34 million through public listing.
- Funds support semiconductor expansion and India operations.
KUALA LUMPUR, October 26 — EcoSys (Malaysia) Berhad made its debut on Bursa Malaysia’s ACE Market, with shares opening at RM0.70, a 159.26% premium over its initial public offering price of RM0.27.
The semiconductor industry solutions provider raised approximately RM39.34 million through the issuance of 145.7 million new shares.
EcoSys plans to allocate RM17 million towards expanding its abatement systems business, RM8 million for debt repayment and RM1.54 million to establish operations in India.
Managing Director Chan Chee Wei said the listing would strengthen the company’s manufacturing capabilities, technology development and regional expansion plans.
