KUALA LUMPUR, September 22 – Mercury Securities Group Berhad, referred to as “Mercury Securities,” celebrated its debut on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) today, opening at RM0.27 per share. This opening price represented an 8% premium over the initial public offering (“IPO”) price of RM0.25 per share. The company is now listed under the stock name “MERSEC” with a stock code of “0285.” Mercury Securities, an investment holding company, primarily operates through its wholly-owned subsidiary, Mercury Securities Sdn Bhd.
This subsidiary is a Participating Organisation of Bursa Malaysia Securities Berhad and holds recognition as a Principal Adviser by the Securities Commission Malaysia. The Group’s core activities encompass stockbroking, corporate finance advisory services, margin financing facility services, underwriting and placement services, as well as nominee and custodian services. The IPO raised a total of RM39.27 million, with RM26.86 million allocated for margin financing facility services, RM2.88 million for digitalization enhancements and marketing activities in the stockbroking business, RM4.63 million for working capital, and RM4.90 million for estimated listing expenses.
Mr. Chew Sing Guan, Managing Director of Mercury Securities, expressed his gratitude, saying, “I would like to thank the SC and Bursa Securities for their continued stewardship of our capital market. I would also like to thank the entire Mercury Securities team and due diligence working group for their hard work to make today possible.” Following its ACE Market listing, Mercury Securities will have a market capitalization of RM223.25 million based on the issue price of RM0.25 per share and its enlarged issued share capital of 893.00 million shares. This successful debut reflects the company’s strong position and investor confidence in its prospects.
