KLSE:SRKKAI

4 stories mentioning KLSE:SRKKAIUpdated 19d ago

Every FINWIRES story that references KLSE:SRKKAI, newest first.

SRKK AI Forms Local Subsidiary in Indonesia, Bags New Contract Worth $60,000

Technology company SRKK AI (KLSE:SRKKAI) has expanded into Indonesia with the incorporation of a local entity named SRKK Consulting Indonesia and the securing of its first project worth $60,000, according to a Wednesday filing to the Malaysian stock exchanges.The new limited liability company is wholly owned by SRKK Consulting, a wholly-owned subsidiary of SRKK AI.The digital transformation solutions provider said the contract is for a data analytics and artificial intelligence project for a regional retailer in Indonesia and is expected to be completed in the first quarter of next year.The new subsidiary has been formed to facilitate the company's future geographical expansion plans and operations of SRKK AI and its subsidiaries, including setting up an information technology advisory and consulting office in Jakarta, Indonesia.The company's shares were up nearly 2% in Thursday's trade.

KLSE:SRKKAI

Asia35d ago

SRKK AI's IPO Gets Oversubscribed 312 Times

SRKK AI's (KLSE:SRKKAI) initial public offering was oversubscribed by 312.27 times, receiving an overwhelming response, according to a Monday Malaysian bourse filing.The company received 29,428 applications for 4.45 billion shares worth 1.42 billion ringgit from the Malaysian public for 14.2 million shares allocated under the public offering.The Bumiputera portion was oversubscribed by 291.43 times, attracting 14,430 applications for 2.08 billion shares, while the non-Bumiputera portion was oversubscribed by 333.11 times with 14,998 applications for 2.37 billion shares.The 17 million shares reserved for eligible persons were fully subscribed, while 45.8 million IPO shares allocated via private placement to selected investors were also fully placed, the company said.

KLSE:SRKKAI

Asia47d ago

Malaysian Shares End in Green After Holiday on US-Iran Peace Deal Optimism; Top Glove's Shares Drop 3%

Malaysian shares extended Tuesday's gains to end in the green on Thursday, mirroring regional performance. Investor sentiment remained upbeat following a holiday, supported by optimism over a reported US-Iran peace deal brokered by Pakistan.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 1.40 points to end 0.1% higher at 1,711.39.BIMB Securities Research held its forecast of total industry volume (TIV) for the automotive industry in Malaysia at 740,000 units, The Star reported. TIV is expected to stabilize in the third quarter, followed by a stronger momentum in the fourth quarter, a BIMB Securities Research report showed.In corporate news, Malaysian shares of dual-listed Top Glove (KLSE:TOPGLOV, SGX:BVA) dropped over 3% on close today even after it recorded a rise in attributable profit in the third fiscal quarter ended May 31 to 81 million ringgit from 34.7 million ringgit a year prior.Digital transformation consultancy and artificial intelligence company SRKK AI (KLSE:SRKKAI) is seeking to raise 20.5 million ringgit via an IPO on the ACE Market of Bursa Malaysia. The IPO comprises a public issue of 64 million new shares at an issue price of 0.32 ringgit per share, as well as an offer for sale of 13 million existing shares by way of private placement to selected investors.

FTSE Bursa Malaysia KLCIKLSE:SRKKAIKLSE:TOPGLOVSGX:BVA

Asia47d ago

SRKK AI Eyes MYR20.5 Million in ACE Market IPO

Digital transformation consultancy and artificial intelligence company SRKK AI (KLSE:SRKKAI) is seeking to raise 20.5 million ringgit via an IPO on the ACE Market of Bursa Malaysia, according to its Thursday prospectus.The IPO comprises a public issue of 64 million new shares at an issue price of 0.32 ringgit per share, as well as an offer for sale of 13 million existing shares by way of private placement to selected investors.Aside from listing expenses, the proceeds will be used for strategic growth initiatives in artificial intelligence, including the establishment of AI labs and an AI academy, and for working capital requirements.

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