KUALA LUMPUR: Air cargo transport specialist Sin-Kung Logistics Bhd made its debut today on the ACE Market of Bursa Malaysia at 13 sen, which is its i...
From left: Sin-Kung Logistics independent non-executive director Datuk Mohammad Dalib, Ong, executive director Angeline Ong and independent non-executive director Lee Lean Suan at the listing ceremony.Air cargo transport specialist Sin-Kung Logistics Bhd made its debut today on the ACE Market of Bursa Malaysia at 13 sen, which is its initial public offering price.
“The rapid growth of e-commerce post-pandemic, disruption in ocean shipping and supply diversification are some of the main drivers of air cargo demand in the current market,” Sin-Kung Logistics managing director Alan Ong said at the company’s listing ceremony. “Sin-Kung Logistics strategy in growth-continuation of trucking and container haulage businesses is to purchase 100 commercial vehicles by 2025. This is to expand our capacity for the transportation of more cargoes and containers,” said Ong.
With the enlarged share capital of 1.2 billion shares, Sin-Kung Logistics will have a market capitalisation of RM156 million post-listing.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ACE Market-bound Sin-Kung Logistics to raise RM26m from IPOKUALA LUMPUR: Integrated logistics service provider Sin-Kung Logistics Bhd expects to raise RM26 million from its initial public offering (IPO) en rou...
Read more »
ACE Market-bound Sin-Kung Logistics to raise RM26 million from IPOKUALA LUMPUR: Integrated logistics service provider Sin-Kung Logistics Bhd expects to raise RM26 million from its initial public offering (IPO) en rou...
Read more »
Sin-Kung Logistics’ IPO public portion oversubscribed 26.5 timesSince taking office, Prime Minister Srettha Thavisin has set his government several challenges, among them to achieve an average economic growth rate of at least 5% per year over five years and stimulating the economy through a handout of 10,000 baht to the people (the digital wallet project), totalling 5 trillion baht.
Read more »
Topmix opens at 41 sen for 32.3% premium in debut on ACE MarketKUALA LUMPUR: Total surface decorative products company Topmix Bhd today debuted on the ACE Market of Bursa Malaysia Securities with its share price o...
Read more »
Ancom Nylex says Green Lagoon’s reverse takeover of Ancom Logistics to help with decarbonisationKUALA LUMPUR, May 15 — Green Lagoon Technology Sdn Bhd’s reverse takeover of Ancom Logistics Bhd will result in the total decarbonisation of the latter’s holding company...
Read more »
Tata Ace EV 1000 electric cargo vehicle launched in India with a 161km rangeLatest Tech News, Product Reviews and Deals
Read more »