KJTS Group Berhad and its subsidiaries, a building support services provider in Malaysia, Thailand and Singapore, are pleased to announce the signing of the underwriting agreement with Hong Leong Investment Bank Berhad for its upcoming initial public offering (“IPO”) on the ACE Market of Bursa Malaysia Securities Berhad.
The IPO exercise, as detailed in the Company’s draft prospectus available on the Bursa Malaysia Berhad’s website, involves the issuance of approximately 218.03 million new ordinary shares.
This represents 31.69% of KJTS’s enlarged number of issued shares, which is split between the retail offering of 49.40 million new ordinary shares which represents 7.18% of the enlarged issued shares and institutional offering of 168.63 million new ordinary shares to institutional and selected investors which represents 24.51% of the enlarged issued shares.
Hong Leong Investment Bank Berhad, as the Principal Adviser, Sponsor, Sole Underwriter, and Sole Bookrunner will underwrite the entire 49.40 million new ordinary shares under the retail offering.
About KJTS Group Berhad
Established in 1984, KJTS Group is a provider of building support services in Malaysia, with a presence in Singapore and Thailand. Originating as a contractor for cooling energy systems, KJTS Group has expanded and excelled in offering cooling energy, cleaning, and facilities management services.
These include cooling energy management and engineering, procurement, construction and commissioning of cooling energy systems services, general and specialised cleaning services, and facilities management services that cover the maintenance and repair of mechanical and electrical machinery and equipment.
Renowned for its commitment to innovation, sustainability, and efficiency, KJTS Group has cemented its reputation in the industry and continues to expand its reach and services in Malaysia, Singapore and Thailand.
For more information, visit https://www.kjts.com.my/
