Kucingko Berhad Debuts on ACE Market with Clawsome Opening Price of RM0.805
2024年7月26日 - 4:00PM
JCN Newswire
Kucingko Berhad, the first publicly listed 2D animation
production company, made its debut today on the ACE Market of Bursa
Malaysia Securities Berhad (Bursa Securities). The shares opened at
RM0.805 per share, showcasing a significant 168.33% premium over
the IPO price of RM0.30 per share.
Kucingko is listed under the stock name "KUCINGKO" with the stock
code "0315".
Kucingko specialises in providing high quality 2D animation
production for global broadcasters and streaming platforms and is
one of the largest animation production company in Malaysia.
Kucingko has earned significant recognitions globally, including a
BAFTA nomination and several other international awards.
Kucingko Berhad's initial public offering has successfully raised
total gross proceeds of RM30.0 million, which will be utilised
based on the following manner:
i. RM17.8 million towards capacity expansion, including the
establishment of production branch offices in East Malaysia to tap
into the skilled local talent pool and upgrade the existing
operational office in Selangor;
ii. RM4.4 million for setting up a sales office in the United
States of America to expand market reach;
iii. RM4.2 million for working capital; and
iv. RM3.6 million for listing expenses.
Executive Director of Kucingko Berhad, Mr. See Chin Joo commented:
"This successful listing is a major milestone for Kucingko. It
reflects the market confidence in the animation industry, and
investors' receptiveness towards unique companies with profitable
track record. We are excited about the opportunities this will
bring, allowing us to further expand our production capacity and
reaching out to more global clientele. The funds raised will enable
us to invest in building capacity locally and deepening our
presence in the North American market, ensuring that we remain at
the forefront of the animation industry.
Executive Director of Kucingko Berhad, Mr. Ooi Kok Hong added: "Our
goal is to continue to up our game in delivering high-quality
content for traditional television and streaming platform. This
listing will support our efforts to achieve that goal. In addition,
talent building and continued investment in the best talent is high
in our priority. We will soon roll out our plans to collaborate
with universities and state government agencies to nurture local
talent and empower them with the right skillsets to contribute
positively back to the industry. We are building all these
initiatives for sustained growth and success in the global
animation market."
Kenanga Investment Bank Berhad is the Principal Adviser, Sponsor,
Underwriter and Placement Agent for Kucingko Berhad.
Issued By: Swan Consultancy Sdn. Bhd. on behalf of Kucingko
Berhad
For more information, please contact:
William Yeo
Tel: +60 16-213 2103
Email: w.yeo@swanconsultancy.biz
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