PETALING JAYA: Logistics service provider KGW Group Bhd has made a decent debut on the ACE Market of Bursa Malaysia today at 23 sen, up 2 sen or 9.5% from its initial public offering price of 21 sen.KGW Group managing director Roger Wong said the group raised a total of RM16.
Moving forward, he said the company plans to grow its business in other geographical markets apart from the US market, where it currently has a strong footing. “We will continue to focus on the warehousing and distribution of healthcare products by targeting local businesses to streamline their operations and reduce costs,” he said.
The report noted that the Malaysian logistics industry is projected to reach RM66.25 billion in 2023 and grow to RM87.57 billion in 2027.
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