ICT Zone Asia Bhd, a provider of technology financing solutions, has received approval from Bursa Malaysia to transfer its listing from the LEAP Market to the ACE Market.
The company, which focuses on ICT hardware and software trading, cloud services, and financing solutions, intends to complete the migration by the second quarter of this year.
The transfer will be accompanied by an increase in share capital to 795.45 million shares.
As part of its IPO, ICT Zone Asia plans to offer 23.62% of the company to investors, with pricing details to be finalised closer to the offering.
The funds raised will primarily support the acquisition of ICT hardware and software, as well as enhance sales and marketing efforts to expand the company’s footprint in the technology sector.
Malacca Securities Sdn Bhd and SCS Global Advisory are key partners in the IPO process. — TMR
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