KUALA LUMPUR: Interior fit-out firm Inspace Creation Bhd aims to raise RM17.13mil from its initial public offering (IPO) in conjunction with its listing on Bursa Malaysia’s ACE Market on May 8, 2026.
The IPO involves the issuance of 68.5 million new shares at an issue price of 25 sen per share. Of the total proceeds expected to be raised, the company said RM6mil will be allocated for the setting up of a new storage and mock-up facility, RM4.39mil for working capital, RM2.74mil for repayment of bank borrowings, and RM4mil for listing expenses.
Executive director Wong Chong Siong said the company’s immediate priority after listing is to strengthen its core corporate segment while pursuing larger-scale projects.
“At the same time, we are diversifying into other commercial spaces by working with developers on their show units, sales galleries and ongoing projects while also tendering for commercial and hospitality projects,” he said at a press conference held in conjunction with the prospectus launch here yesterday.
Wong added that the company is also looking to expand its project portfolio over the next one to two years by venturing into government-related projects.
On the impact of global geopolitical tensions, he said the company has not experienced significant disruption to its operations. — Bernama
