KUALA LUMPUR, January 9 – KJTS Group Berhad, a building support services provider in Malaysia, Thailand, and Singapore, has announced its launch of the prospectus for an upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad. The IPO aims to raise RM58.9 million through the issuance of 218.03 million new shares at a retail price of RM0.27 per share. The funds raised will be allocated for business expansion, including the expansion of the Cooling Energy Segment and offices in Malaysia, Thailand, and Singapore, working capital, and defraying listing expenses. The Executive Director of KJTS Group Berhad, Mr. Sheldon Wee Tah Poh, expressed optimism about the future and the opportunities the IPO opens for the company. The IPO is seen as a significant step in scaling operations and enhancing service offerings in the region.
