Sarawak Tech Firm Impact Capital Launches IPO on ACE Market
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Impact Capital Holdings Bhd, a technology company from Sarawak, has launched a public listing on the ACE Market of Bursa Malaysia. The offer price is 22 sen per share. Through this offer, the company is expected to raise RM27.6 million in funds.
An initial public offering, or IPO, is a way for a company to sell shares to the public in order to obtain capital. The ACE Market, meanwhile, is a listing board on Bursa Malaysia that is usually targeted at small and medium-sized companies that are growing. With this listing, the company hopes to expand its business.
Impact Capital is a company operating in Sarawak in the technology sector. The success of this IPO also shows investor interest in technology companies from outside Peninsular Malaysia. The funds raised will be used by the company for business and development purposes.
So far, further details regarding the actual listing schedule and the detailed use of funds have not yet been disclosed in the initial report. Interested investors are advised to conduct their own research before making any investment decisions.
Sources: The Edge Malaysia
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