EcoSys shares soar 159pct on ACE Market debut, opening at 70 sen
KUALA LUMPUR: EcoSys (Malaysia) Bhd made a strong debut on Bursa Malaysia’s ACE Market today, with its shares opening at 70 sen, a 159.26 per cent premium over its initial public offering (IPO) price of 27 sen.
On its debut on Bursa Malaysia's ACE Market, EcoSys (Malaysia) Bhd's shares opened at 70 sen, representing a 159.26% premium over the IPO price of 27 sen. The industrial solutions provider, servicing the pan-semiconductor industry, attracted significant investor interest, with the company raising RM39.34 million through the issuance of 145.7 million new shares.
The funds raised will be utilized for business expansion, operational upgrades, and regional market development. Managing director Chan Chee Wei emphasized that the listing on the ACE Market provided a stronger platform for the company to enhance its technical capabilities and pursue new growth opportunities. The proceeds will be allocated towards strengthening abatement business, upgrading fabrication capabilities, and expanding presence in India.
EcoSys specializes in ultra-high-purity fabrication of precision engineering components and abatement systems to manage industrial emissions and process gases. The IPO supports EcoSys' expansion in the pan-semiconductor, solar equipment, and advanced industrial technologies sectors.
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