Go Hub Capital Berhad IPO

Publish date: Tue, 18 Jun 2024, 02:15 PM

Exciting News! Go Hub Capital Berhad, a leading transportation IT solutions provider, is going public!  Here’s what you need to know about their Initial Public Offering (IPO).

Who Are They?

Go Hub Capital is all about transforming public transportation with cutting-edge tech. They provide:

- Terminal Operating Systems (TOS) with Traffic Management and Centralised Ticketing Systems

 Bus Operating Systems (BOS) 

 Automated Fare Collection (AFC) systems

 Maintenance, support, and terminal management services

They have a strong presence in Malaysia with 7 bus terminals and even a terminal in Manila, Philippines! 

IPO Highlights

- Price per Share: RM 0.35

- Total Shares Offered: 107.18 million (that’s 26.80% of their enlarged share capital!)

- Malaysian Public: 20.00 million shares

- Eligible Persons: 12.00 million shares

- Private Placement: 75.18 million shares

- Market Cap: RM 140.00 million

How Will They Use the Funds?

The IPO will raise RM 37.51 million, which will be used for:

1. Business Expansion: RM 24.71 million (65.88%) — This includes hiring more people, buying new equipment, developing new solutions, and setting up a new integrated centre.

2. Repayment of Bank Borrowings: RM 4.00 million (10.66%) — Clearing off some debts.

3. Working Capital: RM 4.80 million (12.80%) — For day-to-day operations.

4. Listing Expenses: RM 4.00 million (10.66%) — Covering the costs of going public.

Key Dates to Remember

• Prospectus Launch & Opening Period: 12 June 2024

• Closing Period: 20 June 2024

• Balloting: 24 June 2024

• Allotment of IPO Shares: 1 July 2024

• Listing Date: 3 July 2024 

Why Invest in Go Hub Capital?

Go Hub Capital is not just another tech company. They have a diverse range of services that cater to the public transportation sector, a proven track record, and a strong management team. Plus, they’re expanding both their geographical footprint and their workforce, which means more growth opportunities ahead! 

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