Kuala Lumpur, May 8: Go Hub Capital Berhad, a leading transportation IT solutions provider in Malaysia, today announced its approval from Bursa Malaysia Securities Berhad to list on the ACE Market.
This move marks a key expansion phase for Go Hub, which specializes in customized IT solutions for the bus and rail industries, along with maintenance, support, and terminal management services.
The initial public offering (IPO) details, as outlined on Bursa Securities’ website, include 107,180,000 new ordinary shares.
This allocation consists of 20,000,000 shares for the Malaysian public, 12,000,000 for eligible directors and employees, and 75,180,000 through private placement for institutional and selected investors.
Tan Cherng Thong, Executive Director and CEO of Go Hub, expressed his enthusiasm about the listing, highlighting its alignment with the company’s strategic vision to innovate and enhance the local public transportation systems for a better commuting experience.
David Lim, CEO of UOB Kay Hian Securities (M) Sdn Bhd, also noted the promising growth trajectory for Go Hub. He emphasized the importance of the IPO in fueling further expansions and innovations within the company.
Proceeds from the IPO are earmarked for enhancing Go Hub’s technical capabilities and expanding into new market segments, supporting its goal to revolutionize Malaysia’s public transportation network.
UOB Kay Hian Securities (M) Sdn Bhd serves as the Principal Adviser, Sponsor, Underwriter, and Placement Agent for Go Hub, guiding the company through the IPO process towards a successful listing.
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