KJTS Group Berhad, and its subsidiaries (collectively referred to as the “KJTS Group”), a building support services provider in Malaysia, Thailand and Singapore, is pleased to announce the Company’s launch of the prospectus for upcoming initial public offering (“IPO”) on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”).
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 proceeds from the IPO will be allocated as follows:
- RM44.9 million for business expansion, including RM40.4 million specifically for the expansion of the Cooling Energy Segment and RM4.5 million for expansion of offices in Malaysia, Thailand, and Singapore.
- RM8.1 million for working capital.
- RM5.8 million to defray listing expenses.
KJTS has demonstrated consistent growth, underpinned by the Group’s expertise in EPCC of cooling energy systems, cleaning services, and FM services.
The Company’s commitment to quality, efficiency, and sustainability has established it as an established provider in Malaysia, Singapore, and Thailand.
Hong Leong Investment Bank Berhad is the Principal Adviser, Sponsor, Sole Underwriter, and Sole Bookrunner.
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.