KUALA LUMPUR, May 21 – Go Hub Capital Berhad (“Go Hub” or the “Company”), a leading transportation information technology (IT) solutions provider, has announced its approval from Bursa Malaysia Securities Berhad (“Bursa Securities”) for listing on the ACE Market. With a focus on tailored IT solutions for the public transportation sector, Go Hub’s listing is expected to drive significant expansion within the industry. The IPO, outlined in the prospectus available on Bursa Securities’ website, includes a public issue of 107,180,000 new ordinary shares in Go Hub.
This offering aims to raise funds for Go Hub’s growth initiatives, with 20,000,000 shares available to the Malaysian public, 12,000,000 reserved for eligible directors and employees, and 75,180,000 offered through private placement to institutional and selected investors. Mr. Tan Cherng Thong, Executive Director and CEO of Go Hub, expressed enthusiasm about the listing, highlighting its significance in expanding the Company’s presence in the local transportation sector. With a vision to enhance daily commuting experiences through innovation and integration of public transportation systems.
Go Hub aims to deliver greater value to stakeholders while advancing the nation’s transportation infrastructure. UOB Kay Hian Securities (M) Sdn Bhd serves as the Principal Adviser, Sponsor, Underwriter, and Placement Agent for Go Hub’s IPO, providing essential support for the Company’s growth ambitions. The proceeds from the IPO will be strategically deployed to enhance operational capabilities and support expansion into new market segments, driving Go Hub’s continued success in the dynamic transportation industry.
