3 stories mentioning KLSE:ENESTUpdated 27d ago
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Enest Group (KLSE:ENEST) made a flat debut on the ACE Market of Bursa Malaysia on Wednesday, opening unchanged from its initial public offering price of 0.13 ringgit.The debut follows the pure bird's nest producer's transfer from the LEAP Market.The IPO, which raised 15.11 million ringgit in gross proceeds, involved a public issue of 116.25 million new shares, representing 20% of its enlarged issued share capital.
Malaysian shares ended in the green on Friday, erasing losses of the previous session. Investor sentiment rebounded as the US oil prices dropped to their lowest level since the outbreak of the U.S.-Iran conflict.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 3.92 points to end 0.2% higher at 1,667.74.In corporate news, shares of Sasbadi Holdings (KLSE:SASBADI) slid over 3% on Friday's close after its unit Sasbadi secured a letter of award from the Ministry of Education Malaysia for the supply of market-ready interactive animation preschool materials. The contract, valued at about 483,840 ringgit, covers the supply of materials for the ministry's Educational Resources and Technology Division for 2026.Shares of EXSIM Hospitality (KLSE:EXSIMHB) slid about 3% on close after its unit EXSIM Concepto bagged a 2.5 million ringgit work order from Exsim Aseania for interior design works at a mixed-use development in Langkawi, Malaysia.Enest Group (KLSE:ENEST) seeks to raise 15.1 million ringgit via an initial public offering on the ACE Market of Bursa Malaysia. The IPO comprises a public issue of 116.3 million new shares at an issue price of 0.13 ringgit per share, as well as an offer for sale of 15 million existing shares by way of private placement to selected investors.
Enest Group (KLSE:ENEST) seeks to raise 15.1 million ringgit via an initial public offering on the ACE Market of Bursa Malaysia, according to its Thursday prospectus.The IPO comprises a public issue of 116.3 million new shares at an issue price of 0.13 ringgit per share, as well as an offer for sale of 15 million existing shares by way of private placement to selected investors.Aside from listing expenses, the proceeds will be used for debt payment and for working capital requirements.
