Autoris Group Holdings Bhd made a strong debut today on the LEAP Market of Bursa Malaysia Securities Bhd after its share price recorded a 100%opened at 20 sen, a 100% premium over its listing reference price of 10 sen.
The company's market capitalisation is now approximately RM74.42 million.
Autoris Managing Director Low Kai Sein said the listing on the LEAP Market marked a significant milestone in the group's corporate journey as it intends to build a growing loss-adjusting company focusing on offering loss-adjusting services for motor and non-motor segments.
"We have successfully raised gross proceeds of RM7.81 million from a pre-listing private placement exercise to fund our business expansion plans which include diversification of loss adjusting services to different classes of insurance claims as well as opening of new offices in Penang, Johor, Terengganu, Sabah and Sarawak to cater for our anticipated growth," Low said.
Autoris and its subsidiaries are principally involved in the provision of loss-adjusting services for motor and non-motor segments for individuals intending to submit claims to third-party insurers.
WYNCORP Advisory Sdn Bhd is the approved advisor and continuing advisor for Autoris' listing exercise.
