CEKD Berhad Debuts on ACE Market at 12 sen top payment, 25% above IPO mark

CEKD Berhad Debuts on ACE Market at 12 sen top payment, 25% above IPO mark

KUALA LUMPUR, Sept 29, 2021 – (ACN Newswire) – CEKD BERHAD (“CEKD”; KLSE inventory code: 0238), a die-cutting back alternate suggestions provider to boot to manufacturer of die-cutting back moulds and trader of related consumables, tools and equipment efficiently listed on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Securities) on the present time.

Gary Ting, Head of Corporate Finance, M&A Securities Sdn Bhd; Chong Chin Peek, Fair Non-Government Director, CEKD; Datuk Mak Foo Wei, Fair Non-Government Director, CEKD; Dato’ Zulkifli Bin Adnan, Fair Non-Government Chairman, CEKD; Yap Kai Ning, Managing Director, CEKD; Yap Kai Min, Chief Operation Officer, CEKD; Yap Tian Tion, Deputy Government Chairman, CEKD; Datuk Invoice Tan, Managing Director of Corporate Finance, M&A Securities Sdn Bhd [L-R]

CEKD opened at 60 sen, which is a 12 sen top payment or 25% better than its initial public providing (IPO) mark of 48 sen per half, with the first traded quantity recorded at 6,286,100 shares.

“We’re extremely jubilant with on the present time’s list debut on the ACE Market and are humbled by the reception to our IPO from the investing public. We’re a number one provider of die-cutting back mold alternate suggestions in Malaysia, and we deem this IPO will give the Group extra visibility and abet in the expansion of the industrial. This would possibly well presumably also abet us to no longer most interesting preserve our customers in Malaysia but abet capitalise on other markets such as Southeast Asia and the Heart East,” Fair Non-Government Chairman of CEKD Berhad, Dato’ Zulkifli bin Adnan acknowledged.

“Because the absolute best die-cutting back mold specialist in Southeast Asia to be certified by Bobst Mex SA, a number one international provider of equipment and companies to the packaging industry from Switzerland, we now beget plans in the pipeline submit-list to expand our operations and manufacturing companies in our existing markets to boot to solidify our region in Southeast Asia and the Heart East. We deem that there are heaps of opportunities that we are able to faucet into in these markets due to the the expansion in the E&E, plastic and packaging, automotive to boot to textile and leather industries.”

While CEKD distributes to markets in Australia, Vietnam, Thailand, Philippines and the Heart East, Malaysia makes up 85.0% of the final income in the financial interval ended 31 March 2021. The Group’s customers are primarily from the printing and packaging, electrical and electronics, automotive, plastic packaging, textile, and leather industries.

In an instant’s list follows from the Balloting Ceremony on 21 September 2021 the place CEKD recorded an oversubscription payment of 131.61 from the recent shares made out there to the Malaysian public.

M&A Securities Holdings Berhad is the Adviser, Sponsor, Sole Underwriter and Placement Agent for the IPO exercise.

Please contact the under for additional data:

Hakim Juraimi

Email: [email protected]

Topic: IPO

Source: CEKD Berhad

Sectors: Day-to-day Finance, Local Biz


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