KJTS to Raise RM58.9 Million from ACE Market IPO
KUALA LUMPUR, Jan 5, 2024 – (ACN Newswire) – KJTS Group Berhad (“KJTS” or the “Company”), and its subsidiaries (collectively referred to as the “KJTS Group”), a building support services provider in Malaysia, Thailand and Singapore, is pleased to announce the Company’s launch of the prospectus for upcoming initial public offering (“IPO”) on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”).
1. Dr. Teoh Pek Loo, Independent Non-Executive Director, KJTS Group Berhad
2. Mr. Ng Kok Ken, Independent Non-Executive Director, KJTS Group Berhad
3. Mr. Sheldon Wee Tah Poh, Executive Director, KJTS Group Berhad
4. Ms. Lee Jim Leng, Group Managing Director and Chief Executive Officer, Hong Leong Investment Bank Berhad
5. Mr. Lee Kok Choon, Managing Director, KJTS Group Berhad
6. Ms. Elaine Law Soh Ying, Independent Non-Executive Director, KJTS Group Berhad
7. Mr. Phang Siew Loong, Head of Equity Markets, Hong Leong Investment Bank Berhad
The IPO aims to raise RM58.9 million through the issuance of 218.03 million new shares at a retail price of RM0.27 per share. The proceeds from the IPO will be allocated as follows:
- RM44.9 million for business expansion, including RM40.4 million specifically for the expansion of the Cooling Energy Segment and RM4.5 million for expansion of offices in Malaysia, Thailand, and Singapore.
- RM8.1 million for working capital.
- RM5.8 million to defray listing expenses.
Executive Director of KJTS Group Berhad, Mr. Sheldon Wee Tah Poh stated, “I am proud to be part of this pivotal moment with our prospectus launch. This step marks a significant milestone for KJTS, symbolising our commitment to growth and innovation in the building support services industry. It paves the way for us to enhance our services and expand our reach in Malaysia, Singapore, and Thailand. We are optimistic about the future and the opportunities this IPO opens for our company.
Our IPO also marks a significant step in scaling our operations and enhancing our service offerings in Malaysia, Singapore, and Thailand. The focus on expanding our Cooling Energy Segment and our regional office network reflects our commitment to meeting the growing demand for high-quality building support services.”
Group Managing Director/Chief Executive Officer of Hong Leong Investment Bank Berhad, Ms. Lee Jim Leng, expressed her support, stating, “As we step into an era where sustainability and efficiency are valued, KJTS is well-positioned to meet these challenges head-on. KJTS’s strategic vision, combined with operational excellence, ensures their continued growth and competitive edge in the building the support services sector.”
KJTS has demonstrated consistent growth, underpinned by the Group’s expertise in EPCC of cooling energy systems, cleaning services, and FM services. The Company’s commitment to quality, efficiency, and sustainability has established it as an established provider in Malaysia, Singapore, and Thailand.
Hong Leong Investment Bank Berhad is the Principal Adviser, Sponsor, Sole Underwriter, and Sole Bookrunner.
Topic: Press release summary
KGW to Raise RM16.73 Million from ACE Market IPO
KGW Group Berhad, a provider of logistics services including ocean freight services, air freight services and freight forwarding services as well as warehousing and distribution of healthcare-related products and devices, today launched the Group’s prospectus for the upcoming initial public offering (“IPO”) on the ACE Market of Bursa Malaysia Securities Berhad.
The IPO will raise RM16.73 million via the issuance of 79.66 million new shares at the IPO price of RM0.21 per share to fund KGW’s future expansion as well as for working capital and repayment of bank borrowings. The proceeds will be used in the following manner:
– RM2.00 million to renovate the Group’s three-storey office building and adjacent two-storey warehouse
– RM0.73 million for working capital purposes
– RM10.00 million to repay bank borrowings
– RM4.00 million allocated for estimated listing expenses
Managing Director of KGW, Dato’ Roger Wong said, “We are an asset-light logistics provider that specialises in managing and coordinating the movement of goods within the supply chain. Instead of owning physical transportation assets such as ships, trains, or aircraft, we focus on providing more valuable services to our customers to facilitate their whole shipment process for better efficiency by leveraging partnerships and collaborations with existing transportation operators.”
Head of Corporate Finance of TA Securities Holdings Berhad, Mr. Ku Mun Fong said, “The Group has developed a solid network with other logistics services providers in various parts of the world throughout the years of operation. This has enabled the Group to arrange for shipping of goods from Malaysia to various locations including those in Asia, Africa, Europe, North and South America. This gives the Group an edge in competing and growing the business.”
Managing Director of Eco Asia Capital Advisory Sdn. Bhd., Mr. Kelvin Khoo said, “KGW Group will implement several strategies such as actively expand its pool of customers exporting to non-USA destinations, expand its headcount to scale up operations, expand its warehousing services for healthcare related products and develop new business opportunities for their logistics services through providing e-commerce solutions. Under the stewardship of Dato’ Roger and his Management team, we are very confident that KGW will be able to successfully implement their future business plan after its Listing, and will be able to further strengthen their presence in the logistics industry.”
KGW recorded revenue of RM43.38 million, RM63.52 million, RM195.42 million and RM229.70 million for the financial year ended 31 December 2019 (“FYE 2019”), FYE 2020, FYE 2021 and FYE 2022 respectively. The Group registered profit before tax of RM0.60 million, RM2.86 million, RM20.75 million and RM21.87 million for FYE 2019, FYE 2020, FYE 2021 and FYE 2022 respectively.
TA Securities is the Principal Adviser, Sponsor, Underwriter and Placement Agent for the IPO while Eco Asia is the Financial Adviser.
KGW Group Berhad: https://www.kgwlogistics.com/
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1. Ms. Kelly Neng, Director, Eco Asia Capital Advisory Sdn Bhd
2. Mr. Kelvin Khoo, Managing Director, Eco Asia Capital Advisory Sdn Bhd
3. Mr. Ku Mun Fong, Head of Corporate Finance, TA Securities Holdings Berhad
4. Tengku Faizwa Binti Tengku Razif, Independent Non-Executive Chairman, KGW Group Berhad
5. Dato’ Roger Wong, Managing Director, KGW Group Berhad
6. Ms. Cheok Hui Yen, Executive Director/ Chief Operating Officer, KGW Group Berhad
7. Mr. Tah Heong Beng, Executive Director, Operations, TA Securities Holdings Berhad [L-R]( https://photos.acnnewswire.com/20230630.KGW.jpg )
Topic: Press release summary
Japan – DC Healthcare to Raise RM49.81 Million from IPO
DC Healthcare Holdings Berhad, an established aesthetic medical services provider specialising in the provision of non-invasive and minimally invasive procedures, launched the prospectus today in conjunction with the Group’s initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad.
The IPO will raise RM49.81 million via the issuance of 199.26 million new shares at the IPO price of RM0.25 per share to fund DC Healthcare’s growth plans as well as working capital and repayment of borrowings. The proceeds will be used in the following manner:
– RM9.44 million to establish aesthetic medical clinics
– RM13.12 million to purchase medical machinery and equipment
– RM6.24 million to repay borrowings
– RM17.01 million for working capital, including staff salaries as well as medical supplies and consumables
– RM4.00 million for estimated listing expenses
Managing Director of DC Healthcare, Dr. Chong Tze Sheng said, “DC Healthcare’s expansion plan is based on demand for aesthetic medical services as people are becoming more aware on skin health, as well as wanting to look and feel good about themselves, especially in the long run. It is projected that aesthetic medical services and general medical services related to skin disease will increase due to people having more disposable income for discretionary spending and becoming better educated on skin conditions.”
Mr. Danny Wong, Deputy Head of Corporate Finance, of M&A Securities Sdn Bhd said, “The Malaysian market for aesthetic medical services will continue to grow supported by demand as incomes rise and populations aged. This will be helped along by the increased consumerism and growing influence of social media removing the stigma of aesthetic medical procedures. With the growing acceptance of such treatments, the domestic aesthetic medical services market is projected to have a compound annual growth rate of 18.8% from 2021 to 2027 valuing the total market at RM1.03 billion.”
DC Healthcare – or famously known ‘Dr. Chong Clinic’ or ‘Klinik Dr. Chong’ – provides aesthetic services, general medical services and sale of skincare products. DC Healthcare currently has 13 clinics and 10 LCP Certified Aesthetic Physicians, assisted by 29 resident medical doctors in the central and southern regions of Peninsular Malaysia namely in Negeri Sembilan, Selangor, Johor, and Kuala Lumpur.
For the financial year ended 31 December 2022 (FYE2022), the Group recorded revenue of RM51.96 million compared with RM25.48 million in FYE2021 with a net profit margin of 18.40% and 18.06% respectively.
Aesthetic services contributed 89.96% to total revenue for FYE2022 and 84.88% in FYE2021, compared to general medical services who contributed 10.04% in FYE2022 and 15.12% in FYE2021.
In addition, for the financial year ended 31 December 2020 (FYE2020) and 31 December 2019 (FYE2019), DC Healthcare registered revenue RM14.45 million and RM12.21 million respectively. Aesthetic services contributed 89.80% in FYE2019 and 87.50% in FYE2020 to the total revenue, while general medical services contributed 10.20% in FYE2019 and 12.50% in FYE2020.
DC Healthcare Holdings Berhad: http://dchealthcareholdings.com/
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DR. CHONG TZE SHENG, Managing Director; DATUK BILL TAN, Managing Director of Corporate Finance, M&A Securities Sdn Bhd [L-R]( https://photos.acnnewswire.com/tr:n-650/2023627.DCHealthcare1.jpg )
Image 2
1. Mr. Lee Yoke Wah, Associate Director of Corporate Finance, M&A Securities Sdn Bhd
2. Ms. Sim Lee San, Independent Non-Executive Director, DC Healthcare Holdings Berhad
3. Ms. Rekha A/P Palanysamy, Independent Non-Executive Director, DC Healthcare Holdings Berhad
4. Datuk Dr Mohd Noor Bin Awang, Independent Non-Executive Chairman, DC Healthcare Holdings Berhad
5. Dr. Chong Tze Sheng, Managing Director, DC Healthcare Holdings Berhad
6. Datuk Bill Tan, Managing Director of Corporate Finance, M&A Securities Sdn Bhd
7. Dr. Lai Ngan Chee, Executive Director, DC Healthcare Holdings Berhad
8. Ms. Yap Ee Ling, Independent Non-Executive Director, DC Healthcare Holdings Berhad
9. Mr. Danny Wong, Deputy Head of Corporate Finance, M&A Securities Sdn Bhd [L-R]( https://photos.acnnewswire.com/tr:n-650/2023627.DCHealthcare2.jpg )
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Japan – SDK to Raise Prices of High-Purity Gases for Electronics
Showa Denko (SDK; TSE: 4004) decided to raise prices of its high-purity gases for electronics which are used for production of semiconductor integrated circuits and other electronic materials. Specifically, SDK will raise prices of high-purity gases for electronics by 20% or more as from delivery on January 1, 2022.
High-purity gases for electronics are used in the production of semiconductor integrated circuits, LCD panels, and GaN LEDs, as etching gases to produce electronic circuits by creating fine ditches and holes in thin films on silicon substrates, and as cleaning gases to remove unwanted chemical substances that adhere to chamber walls after deposition of thin films on silicon substrates.
As for the current market condition of high-purity gases for electronics, while the demand for the gases continues increasing due to strong demand for semiconductor integrated circuits, our production costs have been increasing due to a rise in prices of raw materials and energy costs, in addition to a substantial rise in the cost of transportation. Although we worked hard to reduce costs by improving production efficiency, streamlining transportation, and other means, we have concluded that we have no alternative but to ask our customers to bear a part of the cost increase in order to ensure the stable production and supply of high-purity gases for electronics.
About Showa Denko K.K.
Showa Denko K.K. (SDK; TSE: 4004, ADR: SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory/graphite electrodes and fine carbon products. The Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high bright LEDs, and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, please visit www.sdk.co.jp/english/.
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