Teladan Setia Group Berhad Debuts On Bursa Malaysia Securities Berhad’s ACE Market
01
06
Teladan Setia Group Berhad Debuts On Bursa Malaysia Securities Berhad’s ACE Market
Teladan Setia Group Berhad (Teladan Setia) debuted on the ACE Market of Bursa Malaysia Securities Berhad on 16th March 2021 at a 25% premium or RM0.12 higher at RM0.60, from the initial public offering (IPO) price of RM0.48 apiece.
The group aimed to raise RM77.3 million from the initial public offering (IPO) exercise, of which RM35.0 million (43%) would be allocated for future landbank acquisition in Melaka. Managing Director Richard Teo also mentioned that the group will be developing properties within the RM400,000 to RM500,000 price range as these units were most sellable, focusing on landed residential properties.
