KUALA LUMPUR, Jul 5, 2024 – (ACN Newswire) – – Go Hub Capital Berhad (“Go Hub” or the “Firm”), a key transportation info know-how (IT) options supplier, proudly marked its debut at the moment on the ACE Market of Bursa Malaysia Securities Berhad. The shares opened at RM0.80 per share, showcasing a robust market reception and attaining vital 128.57% premium over the IPO worth of RM0.35 per share.
Go Hub was listed underneath the inventory identify “GOHUB” at the moment with the inventory code “0311”.
Having a confirmed monitor file in terminal working methods, bus working methods, and automatic fare assortment methods, Go Hub group is a recognised chief within the public transportation IT options trade. The Firm’s progressive applied sciences and dedication to operational effectivity have been instrumental in enhancing the standard of public transportation companies and contributing to purchasers’ environmental, social, and governance (“ESG”) targets, together with enhancing operational effectivity and passengers’ expertise.
The profitable preliminary public providing of Go Hub Capital Berhad raised roughly RM37.51 million, allotted as follows: RM24.71 in direction of enterprise enlargement, RM4.00 million for the reimbursement of financial institution borrowings, RM4.80 million for working capital necessities, and RM4.00 million reserved for fee of itemizing bills.
En. Zulkifly Bin Zakaria, Unbiased Non-Government Chairman of Go Hub expressed pleasure: “This profitable itemizing marks a big milestone for Go Hub. It displays the arduous work and dedication of our crew and the boldness the market has in our imaginative and prescient and technique. We’re enthusiastic concerning the alternatives it will carry, permitting us to additional improve our companies and broaden our attain inside Malaysia.”
“The constructive investor response to our IPO underscores the market’s perception in our capabilities and progress potential. We stay up for leveraging this momentum to drive Go Hub’s progress and to solidify our place as a key IT options supplier within the public transportation sector.”
UOB Kay Hian Securities (M) Sdn. Bhd. is the Principal Adviser, Sponsor, Underwriter and Placement Agent for Go Hub.
ABOUT GO HUB CAPITAL BERHAD
Go Hub Capital Berhad (“Go Hub” or the “Firm”) was integrated in Malaysia as a personal restricted firm underneath the identify Go Hub Capital Sdn. Bhd. and transformed to a public restricted firm, assuming its present identify. Via its subsidiary, principally concerned within the provision of enterprise IT companies, specializing in offering transportation IT options (together with customised software program growth methods and integration of {hardware} and software program methods) within the bus and rail segments. Go Hub develops transportation IT options such because the Terminal Working System (“TOS”) and the Bus Working System (“BOS”) in addition to the Automated Fare Assortment System (“AFC”), which reinforces the operational effectivity of public transportation infrastructures. Go Hub’s choices additionally prolong to incorporate upkeep and assist companies in addition to terminal administration companies for the IT options delivered. These applied sciences are essential for entities trying to modernise, streamline and optimise its operational course of circulation and enhance passengers’ journey expertise via superior digital platforms.
Issued By: Swan Consultancy Sdn. Bhd. on behalf of Go Hub Capital Berhad
For extra info, please contact:
Jazzmin Wan
Tel: +60 17-289 4110
E mail: [email protected]
William Yeo
Tel: +60 16-213 2103
E mail: [email protected]
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