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Pawnshop operator soars 33% on ACE Market debut

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Evergreen Max Cash Capital Bhd opens at 32 sen, 33.33% above its 24 sen reference price.

Evergreen Max Cash Capital Bhd posted a net profit of RM7.21 million for the first half of FY2023.

According to the group’s executive director and managing director, Low Kok Chuan, becoming a publicly listed group marks a new beginning and boosts EMCC’s brand visibility among potential and new customers. Nonetheless, RM4 million was allocated for the repayment of bank borrowings and RM5.6 million for working capital.

 

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