PETALING JAYA: PMCK Bhd
made its debut on the ACE Market of Bursa Malaysia yesterday at 22.5 sen, with an opening volume of 13.01 million shares at 9am.
The stock closed one sen higher, or 4.55%, to 23 sen with 155.01 million shares traded.
In a statement, the Kedah-based private healthcare provider said it raised RM59.97mil through a public issuance of 272.6 million new shares priced at 22 sen.
“From the total proceeds, PMCK intends to utilise RM50mil to support the construction of PMC Kulim, specifically through the repayment of bank borrowings that would be drawn to finance this strategic development.
“This strategic move will also support the expansion of PMCK’s medical centre business which serve the need and demand for private healthcare services in the northern region of Malaysia.”
In addition, PMCK said RM3.83mil would be utilised to acquire clinical equipment, including automated clinical chemistry analyser and immunoassay analyser, mammography system and picture archiving and communication system.
“To further align with its sustainability commitment, RM1.5mil will be allocated to replace and enhance the existing solar panel system, increasing its power capacity to 625KW as part of the company’s commitment to sustainability.”
The company’s shares are classified as syariah-compliant by the Securities Commission.
Its public issue portion which was made available to the public via balloting was oversubscribed by a rate 1.87 times.
PMCK chairperson who is also the crown princess of Kedah Che Puan Muda Zaheeda Mohamad Ariff, said: “PMCK’s growth reflects the trust placed in us by communities in the northern region, supported by our extensive network of clinics, medical centres, and healthcare partners.
“The successful initial public offering marks an important milestone that will enable us to further our expansion plans, including the development of PMC Kulim and enhancements to our medical services, ensuring we continue to meet the evolving needs of our patients.”
She is confident that the senior management team, with their deep industry experience, will continue to drive PMCK’s growth and uphold its commitment to delivering quality services.
