PETALING JAYA: Cosmos Technology International Bhd debuted on Bursa Malaysia’s Leading Entrepreneur Accelerator Platform Market at 31 sen, a three-sen premium over its initial public offering (IPO) price of 28 sen.
At the opening bell, 20,000 of the company’s shares were traded.
The integrated water technology solutions provider raised RM5.4mil from its IPO, with RM1.5mil allocated for business expansion expenses for energy-saving solutions and dataloggers distribution. The company will spend about RM1.5mil to part-finance the acquisition of new machinery, RM1.4mil for working capital and the remaining RM1mil for listing expenses.
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