KUALA LUMPUR, 26 MARCH 2021 – The shares of VOLCANO BERHAD (“Volcano” or the “Group”) have been oversubscribed by 176.6 times ahead of the Group’s listing on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”).
“We are extremely grateful for the confidence our investors have in Volcano, our business, prospect and future plans. Our hard work to build a sustainable business for the past 20 years has paid off,” said Managing Director of Volcano, Datuk Ch’ng Huat Seng.
Volcano is raising RM8.75 million from the IPO exercise. From the proceeds, the Group will use RM5.55 million for the purchase of machinery and equipment while RM3.20 million will be used for listing expenses.
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Following the successful launch of the Mercedes-AMG compact cars last year, Mercedes-Benz Malaysia today announces the availability of the updated Mercedes-AMG A 45 S 4MATIC+ as a replacement to the Mercedes-AMG A 45 S 4MATIC+ Edition 1.
The Mercedes-AMG A 45 S 4MATIC+ offers exterior features that are unique as ever, including its own distinctive AMG grille. It is equipped with AMG high performance brake system red-painted brake calipers with black AMG lettering and now 19-inch AMG 5-twin-spoke light-alloy wheels that are aerodynamically optimized and painted in matt black.
The exterior of the vehicle features the AMG Night package, as its previous model, with striking design features in black and high-gloss black. The highlight comes courtesy of the AMG front splitter and trim,AMG side sill panels with inserts, beltline trim strip and window line trim strip, exterior mirror housing, AMG rear aero foil and two round tailpipe trim elements at the rear apron in high-gloss black strengthen its sporty character.