AGX Group listed on the ACE Market of Bursa Malaysia Securities Berhad

On 7th February 2024, AGX Group Berhad was listed on the ACE Market of Bursa Malaysia Securities Berhad.

AGX Group Bhd’s share price closed 7.14 per cent higher at RM0.375 a share midday, on its debut on the ACE Market of Bursa Malaysia Securities Berhad.

It opened at a 17.14 per cent premium at RM0.41, over its issue price of RM0.35 per share, with an opening volume of 6.87 million shares.

The company successfully raised a total of RM33.78 million through the public issue of 96.5 million new ordinary shares priced at RM0.35 per share.

Of the proceeds, a total of RM16.44 million was earmarked for working capital whilst RM8.70 million will be utilised to expand its business presence in Malaysia and South Korea by setting up new warehouses and offices in Penang and Johor Bahru as well as a new office in Busan, South Korea.