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(Left to Right) Aneka Jaringan CEO Loke Kien Tuck Tan, CEO Pang Tse Fui and CEO Chong Ngit Sooi at the listing ceremony in Kuala Lumpur today.
+A KUALA LUMPUR (Oct 20): The pile and foundation team Aneka Jaringan Holdings Bhd fell below its initial public offering (IPO) price in active trading this morning.
At 9.15am, Aneka Jaringan, who made her debut on the Bursa Malaysia ACE market today, was four sen down from 29 sen with 53 million shares traded.
The IPO price of Aneka Network was 33 cents a share.
In a statement alongside his virtual listing ceremony, Independent Non-Executive Chairman Datuk Tan Gim Foo said that the IPO was the result of the efforts and commitment of the Aneka Jaringan team, who worked tirelessly over the years to bring their vision to life. .
“Just as our foundation experience gives our clients a strong start, the IPO gave us the platform to realize our aspirations and accelerate our expansion plans.
“I am fully confident that our team will climb higher as we advance regional opportunities.”
Aneka Jaringan said her IPO had attracted great interest, and that the offer to the Malaysian public was over-subscribed 12.68 times.
He said that approximately RM46.16 million was raised from this IPO, where RM17.3 million will be used for the purchase of rotary drilling rigs and crawler cranes, RM24.26 million for loan repayments and RM4.6 million to defray the IPO expenses.
Alliance Investment Bank Bhd is the primary advisor, sponsor, sole underwriter and placement agent for the Aneka Jaringan IPO.
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