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， $JPG (5323.MY)$股票從發行價0.84馬幣漲至首日交易價0.915馬幣，上漲了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.
馬來西亞發行商有限公司（「MIH」）宣佈，向馬來西亞公衆發行的5000萬股首次公開發行股票申請已經超額認購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.
首次公開募股（IPO）所得收益的主要用途爲資本支出、銀行借款償還、流動資金和擬上市費用。
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.
柔佛種植Berhad主要涉足種植、收穫和加工新鮮果串（FFB），將其加工成粗棕櫚油（CPO）和棕櫚仁（PK）。該公司的盈利能力取決於其CPO產量和馬來西亞CPO價格，受馬來西亞棕櫚油和全球植物油行業的總體市場動態影響。
source: Announcement
來源：公告
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