Kucingko makes roaring debut on ACE Market, plans major expansion

From left: Kenanga Investment Bank head of group investment banking and Islamic banking Datuk Roslan Tik, Kucingko executive director Ooi Kok Hong and See at the listing of Kucingko.Kucingko Bhd, the first animation production company to be listed on the local stock exchange, made a remarkable debut on the ACE Market of Bursa Malaysia Securities on Friday.

The share closed at 57 sen, 27 sen or 90% higher than the IPO price, with 158.18 million units traded. He added that Kucingko raised RM30 million from its public issue with majority of the proceeds to be used for expansion, particularly in Sabah, Sarawak and Selangor. The company has earmarked RM17.77 million for capacity expansion, RM4.38 million for establishing a sales office in North America, RM4.26 million for working capital and RM3.6 million for listing expenses.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Go Hub soars 129% to 80 sen in debut on ACE MarketKUALA LUMPUR: Go Hub Capital Bhd, a key transportation information technology (IT) solutions provider, debuted yesterday on the ACE Market of Bursa Ma...
La source: theSundaily - 🏆 25. / 51 Lire la suite »

Sik Cheong aims to raise RM17.8mil from ACE Market IPOLONDON/SINGAPORE (Reuters) - LSEG Group's Workspace news and data platform suffered an outage on Friday that affected user access worldwide, market sources said.
La source: staronline - 🏆 4. / 75 Lire la suite »

Proton achieves 19.1pc market share with 10,999 units sold in June amid soft automotive marketKUALA LUMPUR, July 3 — National carmaker Perusahaan Otomobil Nasional Sdn Bhd (Proton) sold 10,999 units in June, domestic and export, to hold second place in automotive sales...
La source: malaymail - 🏆 1. / 86 Lire la suite »

Johor Plantations makes debut on Main Market, plans downstream expansionKUALA LUMPUR: Johor Plantations Group Bhd (JPG), an upstream oil palm plantation company with plans to expand into the downstream plantation business,...
La source: theSundaily - 🏆 25. / 51 Lire la suite »