Kucingko to be first animation studio to be listed

KUALA LUMPUR: Kucingko Bhd will be the first animation production studio to be listed on the local bourse after receiving Bursa Malaysia’s approval for its listing on the ACE Market.

In a statement, the animation production services provider said its initial public offering (IPO) exercise would involve the issuance of 200 million ordinary shares, encapsulating 40% of its enlarged number of issued shares, where an equal portion of 100 million shares each are available under the public issue and offer for sale.