Vestland makes market debut with 15% premium

(From left): Vestland independent non-executive director Datuk Yong Lei Choo, Vestland executive director Wong Sai Kit, Liew, Vestland independent non-executive chairman Datuk Mathialakan Chelliah, Vestland independent non-executive director Ong Wei Liam and Vestland independent non-executive director Wee Chuen Lii.

PETALING JAYA: Vestland Bhd, which debuted on the ACE Market of Bursa Malaysia with a 15% premium yesterday, intends to grow its revenue by about 30% for its financial year ending Dec 31, 2023 (FY23), owing to its substantial tender book and favourable win rate.

Listed under the construction sector, Vestland shares opened at 38 sen per share, representing a five-sen premium against its initial public offering (IPO) price of 33 sen.