KUALA LUMPUR, January 28 – KJTS Group Berhad, a prominent building support services provider across Malaysia, Thailand, and Singapore, celebrated its triumphant entry onto the ACE Market of Bursa Malaysia Securities Berhad. The company’s shares commenced trading at RM0.44 per share, presenting a remarkable 62.96% premium over the IPO price of RM0.27 per share. Operating under the stock name “KJTS” with the stock code “0293,” KJTS specializes in cooling energy management, cleaning, and facilities management services, emphasizing in-house engineering capabilities and sustainability commitment.
With a successful initial public offering that raised RM58.87 million, KJTS allocated funds strategically. The majority, RM44.92 million, will contribute to expanding the cooling energy segment and office presence in Malaysia, Thailand, and Singapore. An additional RM8.12 million has been allocated for working capital, while RM5.83 million is earmarked for listing expenses. Independent Non-Executive Chairman, Puan Azura Binti Azman, expressed enthusiasm, stating, “This successful listing marks a new chapter for KJTS. It is a reflection of the hard work and dedication of our team and the confidence the market has in our vision and strategy.”
Hong Leong Investment Bank Berhad played a crucial role as the Principal Adviser, Sponsor, Sole Underwriter, and Sole Bookrunner, further solidifying KJTS Group Berhad’s position in the building support services sector. The positive investor response indicates confidence in KJTS’s capabilities and growth potential, with the company poised to leverage this momentum for continued expansion and service enhancement across the region.
