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The management (the founding Ong family) did pay themselves significant dividends from the company's past profits before opening it up to the public.
FY2024 Dividend: RM63.75 million.
Pre-Listing Dividend (2025): Approximately RM43.0 million.
Total "Withdrawal": Roughly RM106.75 million over the last two years.
Cash on Hand (as of Dec 31, 2025): The company reported RM15.22 million in cash and bank balances just before listing.
Boonhwa Lim ,Tok Tiong ! To my opinion , I think TA must apologize to HOCKSOON for his mischievous Comments on his listing price ! On whole day ,it stands fimly above 50 sens. and far from 44 sens as claimed by TA . I think TA valuations is completely made no sense and is mischievous .
I sold 53.5 sen half , another half will keep till chap ngo mey and hope to sell 66 sen to break even ! In IPO , lost 10 % is exceptable , not a big deal .
Rafzi Faisol , Timing is perfectly right ,list after Kee meng and CNY Ang pow time , The Boss too greedy , fixed the IPO price too high ! If it is 50 cts , then everyone is happy !
