KUALA LUMPUR, 20 October 2020 – Piling and foundation specialist ANEKA JARINGAN HOLDINGS BERHAD (“Aneka Jaringan”) made its debut on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) today.  The Company began trading at 9:00 a.m. this morning under the stock name ANEKA and stock code 0226.  Aneka Jaringan’s Initial Public Offering (“IPO”) price was RM0.33 per share, translating to listing market capitalisation of RM177.57 million. 

 Aneka Jaringan’s IPO attracted strong interest, with the offering to the Malaysian public being oversubscribed by 12.68 times. Approximately RM46.16 million was raised from this IPO where RM17.30 million will be utilized for purchase of rotary drilling rigs & crawler crane, RM24.26 million for repayment of borrowings and RM4.60 million to defray IPO expenses.

Speaking at the virtual listing ceremony aired this morning, Independent Non-Executive Chairman, Yg Bhg. Dato’ Tan Gim Foo said: “This IPO is the outcome of the efforts and commitment by Aneka Jaringan’s team who has strived tirelessly over the years to realize our vision.  Just as how our expertise in foundation gives our clients a solid start, the IPO gave us the platform to realize our aspirations and accelerate our expansion plans. I have every confidence that our team will scale greater heights as we move further into regional opportunities.

This is just the beginning of a new journey for Aneka Jaringan and we look forward to building more successes in years to come.” 

 Alliance Investment Bank Berhad is the Principal Adviser, Sponsor, Sole Underwriter and Placement Agent for Aneka Jaringan’s IPO.    

Twitter