Johor Plantations’ Shares Increase by 8.93% to RM0.915 on First Day of Trading
Johor Plantations’ Shares Increase by 8.93% to RM0.915 on First Day of Trading
The proceeds from the Initial Public Offering (IPO) are intended to be used for several key purposes, which are outlined as capital expenditure, repayment of bank borrowings, working capital and estimated listing expenses.On July 9, 2024, $JPG (5323.MY)$ shares increase by 8.93% from the issue price of RM0.84 to RM0.915 on the first day of trading.
2024年7月9日， $JPG (5323.MY)$股票从发行价0.84马币涨至首日交易价0.915马币，上涨了8.93%。
Malaysian Issuing House Sdn Bhd (“MIH”) is pleased to announce that the public issue of 50,000,000 IPO Shares made available for application by the Malaysian public are oversubscribed by 2.18 times.
马来西亚发行商有限公司（“MIH”）宣布，向马来西亚公众发行的5000万股首次公开发行股票申请已经超额认购2.18倍。
The proceeds from the Initial Public Offering (IPO) are intended to be used for several key purposes, which are outlined as capital expenditure, repayment of bank borrowings, working capital and estimated listing expenses.
首次公开募股（IPO）所得收益的主要用途为资本支出、银行借款偿还、流动资金和拟上市费用。
Johor Plantations Berhad is mainly involved in cultivating, harvesting, and processing Fresh Fruit Bunches (FFB) into Crude Palm Oil (CPO) and Palm Kernels (PK). The company's profitability depends on its CPO yield and the Malaysian CPO price, and it is influenced by the overall market dynamics of the Malaysian palm oil and global vegetable oil sector.
柔佛种植Berhad主要涉足种植、收获和加工新鲜果串（FFB），将其加工成粗棕榈油（CPO）和棕榈仁（PK）。该公司的盈利能力取决于其CPO产量和马来西亚CPO价格，受马来西亚棕榈油和全球植物油行业的总体市场动态影响。
source: Announcement
来源：公告
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