KUALA LUMPUR: Transportation information technology (IT) solution provider Go Hub Capital Bhd has received approval from Bursa Malaysia to list on the ACE Market in the second half of this year.
Go Hub said its initial public offering (IPO) comprised a public issue of 107.18 million new shares.
“It comprises 20 million shares available to the public, 12 million reserved for eligible directors and employees, and 75.18 million offered through private placement to institutional and selected investors.
“This IPO does not involve an offer for sale and placement to bumiputra investors approved by the Ministry of Investment, Trade and Industry as the operating company, NSS IT Solution Sdn Bhd has MSC Malaysia Status (now known as Malaysia Digital Status),” it said.
Go Hub executive director and chief executive officer Tan Cherng Thong said the listing marked a significant milestone as the company continues to expand its market presence in the local transportation segments. — Bernama
