ACE Market-bound EcoSys eyes RM39.34 mln from IPO
KUALA LUMPUR (September 23): Industrial solutions provider EcoSys (Malaysia) Bhd aims to raise RM39.34 million from an initial public offering (IPO) ahead of its listing on Bursa Malaysia’s ACE Market on Oct 14, 2026. The IPO is priced at 27 sen per share and comprises 145.70 million new ordinary shares, representing about 25.5 per cent [...] The post ACE Market-bound EcoSys eyes RM39.34 mln from…
KUALA LUMPUR (September 23): Industrial solutions provider EcoSys (Malaysia) Bhd plans to raise RM39.34 million through an initial public offering (IPO) ahead of its listing on Bursa Malaysia's ACE Market on Oct 14, 2026. The company's IPO price is set at 27 sen per share, comprising 145.70 million new ordinary shares, accounting for approximately 25.5% of its enlarged issued share capital upon listing.
A portion of the proceeds will be allocated towards the expansion of its abatement segment, repayment of bank borrowings, enhancement of operational capabilities, and the establishment of a sales and service center in India. Additionally, the company intends to use the funds for working capital and listing expenses.
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