The Terminal Amanjaya in Meru.
KUALA LUMPUR: Perak Transit Bhd
, which operates the Terminal AmanJaya integrated public transportation terminal in Ipoh and provides public bus services, is en route to a listing on the ACE Market of Bursa Malaysia, having received Bursa Malaysia Securities’ approval in June.
In a statement, it said the group’s initial public offering would involve a public issue of 245.0 million new 10-sen shares, of which 58 million new shares will be available for application by the Malaysian public.
The remaining 187.0 million shares will be available for private placement to selected investors.
Apart from providing bus services, the group operates four petrol stations, of which two are Shell petrol stations (sited in Lahat and Tanjung Rambutan), one is a BHP petrol station located at Terminal AmanJaya itself, and a Petron petrol station in Lubok Merbau.
The Perak Transit group intends to utilise the funds raised from the IPO mainly for business expansion and working capital for its operations.
Located in Bandar Meru Raya, Ipoh, Terminal AmanJaya is a three-storey building complex that has bus platforms, bus holding bays, ticketing counters, retail space, office space, promotional space, a budget hotel, as well as a lobby and basement carpark.
The Perak Transit group’s major operations within the terminal include ticketing sales, bus and passenger traffic control, travel information counters, rental of retail, commercial space and promotional facilities, indoor and outdoor advertising, project facilitation, petrol station, security services and carpark facilities. Terminal AmanJaya is the only gazetted express bus terminal in Ipoh.
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