KUALA LUMPUR, June 16 – Kucingko Berhad (“Kucingko” or the “Company”), a leading 2D animation production services provider, has announced the signing of an underwriting agreement with Kenanga Investment Bank Berhad (“Kenanga Investment Bank”) for its upcoming IPO on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”). The IPO will include a public issue of 100 million new ordinary shares and an offer for sale of 100 million existing ordinary shares, representing 40% of the company’s enlarged share capital.
Kucingko’s Executive Director, Mr. See Chin Joo, highlighted the strategic importance of the IPO for the company’s growth, stating, “The funds raised will enable us to expand our business by establishing a sales office in the USA and increasing our production capacity with branch offices in Sabah and Sarawak.” Kenanga Investment Bank’s Executive Director, Datuk Roslan Hj Tik, expressed pride in supporting Kucingko, emphasizing the IPO’s potential to diversify the Malaysian market and inspire other creative ventures.
