LSH Capital Transitions to ACE Market Following Oversubscribed IPO!
- D5 Mashimuno + Kenny
- Mar 14
- 2 min read
Strengthening Market Presence and Financial Growth
Lim Seong Hai Capital Berhad (LSH Capital), a leading construction and engineering firm, is making a strategic leap by transitioning from the LEAP Market to the ACE Market of Bursa Malaysia. This move aims to enhance the company’s market presence and financial standing.
Oversubscribed Initial Public Offering (IPO)
LSH Capital’s recent IPO saw overwhelming demand, with its 16.77 million shares offered to the Malaysian public oversubscribed by 11.88 times. The company received 7,978 applications totaling 215.91 million shares, reflecting strong investor confidence.
Bumiputera portion: 8.94 times oversubscription
Non-Bumiputera portion: 14.81 times oversubscription
Financial Details of the Listing
LSH Capital aims to raise RM168.08 million through its listing transfer. The IPO comprises 191 million new shares priced at 88 sen each. Upon successful completion of the transfer, scheduled for March 21, 2025, LSH Capital’s market valuation is expected to reach RM738 million, marking a 24% increase from its previous valuation.
Temporary Suspension of Trading
To facilitate a smooth transition, LSH Capital has temporarily suspended trading on the LEAP Market, effective March 7, 2025. Trading will resume upon the completion of the listing transfer to the ACE Market.
AmInvestment Bank’s Key Role
AmInvestment Bank Berhad is leading this transition as the principal adviser, sponsor, sole underwriter, and sole placement agent for the IPO. Their involvement is crucial in ensuring a successful listing transfer.
Driving Future Growth
Since its initial listing on the LEAP Market, LSH Capital has demonstrated significant growth, expanding from construction services to real estate development. The upcoming ACE Market listing is set to further strengthen its market position and financial stability.
This transition underscores LSH Capital’s commitment to leveraging capital markets for sustainable growth, ultimately delivering greater value to its stakeholders.
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