PETALING JAYA: Autoris Group Holdings Bhd, which specialises in loss adjusting services for both motor and non-motor segments, saw its shares rise upon its debut on Bursa Malaysia’s LEAP Market yesterday.
At 11am, 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 yesterday, the group said its market capitalisation is about RM74.42mil, based on its 20 sen opening price.
“Currently, our 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 raised gross proceeds of RM7.81mil from a pre-listing private placement exercise to fund its business expansion plans, including diversification of loss adjusting services to different classes of insurance claims. The proceeds will also fund the opening of new offices in anticipation of growth. — Bernama
