KUALA LUMPUR: Autoris Group Holdings Bhd, which specialises in loss adjusting services for both motor and non-motor segments, saw its shares rise during its debut on the Bursa Malaysia’s LEAP Market today.
At 11 am, its shares rose 20 sen to 30 sen, from an initial offering price of 10 sen per share, with 60,000 shares transacted.
In a statement today, the group said Autoris’s market capitalisation is about RM74.42 million with its 20 sen opening price.
"Currently, its head office is located at Wisma Trax in Kuala Lumpur, with plans for new offices in Penang, Johor, Terengganu, Sabah and Sarawak," it said.
Managing director Low Kai Sein said the group has raised gross proceeds of RM7.81 million from a pre-listing private placement exercise to fund its business expansion plans which include diversification of loss adjusting services to different classes of insurance claims.
He said proceeds will also fund the opening of new offices in anticipation of growth. - Bernama
