Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Tuesday, 19 September 2023, 11:00 HKT/SGT
Share:
    

Source: Mercury Securities Group Berhad
Mercury Securities Group Berhad Debuts on ACE Market
The Group continue to innovate, digitise and expand product and service offerings

Mercury Securities Group Berhad (“Mercury Securities” or “Company”), debuted today on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”), opening at RM0.27 per share which represents a premium of 8% over the initial public offering (“IPO”) price of RM0.25 per share.

[L-R] 1. Datin Chua Suat Khim, Independent Non-Executive Director of Mercury Securities; 2. Mr. Chan Kim Hing, Independent Non-Executive Director of Mercury Securities; 3. Dato' Baharon Bin Talib, Independent Non-Executive Chairman of Mercury Securities; 4. Dato' A. Rahman Bin Safar, Non-Independent Non-Executive Director of Mercury Securities; 5. Mr. Chew Sing Guan, Managing Director of Mercury Securities; 6. Ms. Himahlini A/P M. Ramalingam, Independent Non-Executive Director of Mercury Securities
[L-R] Datin Chua Suat Khim, Independent Non-Executive Director of Mercury Securities; Mr. Chan Kim Hing, Independent Non-Executive Director of Mercury Securities; Dato' Baharon Bin Talib, Independent Non-Executive Chairman of Mercury Securities; Dato' A. Rahman Bin Safar, Non-Independent Non-Executive Director of Mercury Securities; Mr. Chew Sing Guan, Managing Director of Mercury Securities; Ms. Himahlini A/P M. Ramalingam, Independent Non-Executive Director of Mercury Securities

 

Mercury Securities is listed under the stock name of “MERSEC” with stock code of “0285”.

Mercury Securities is an investment holding company and through its wholly-owned subsidiary, Mercury Securities Sdn Bhd (a Participating Organisation of Bursa Malaysia Securities Berhad (“Bursa Securities”) and a Recognised Principal Adviser by the Securities Commission Malaysia) (collectively “Group”) is principally involved in the provision of stockbroking, corporate finance advisory services and other related businesses such as margin financing facilities services, underwriting and placement services, as well as provision of nominee and custodian services.

The Group raised a total of RM39.27 million through the IPO, from which RM26.86 million of the proceeds is allocated for margin financing facility services. RM2.88 million is allocated for the enhancement of digitalisation programme and marketing activities for the stockbroking business and operations of the Group. RM4.63 million of the proceeds will be used for working capital purposes while the remaining RM4.90 million is allocated for estimated listing expenses.

Managing Director of Mercury Securities, Mr. Chew Sing Guan said, “I would like to thank the SC and Bursa Securities for their continued stewardship of our capital market. I would also like to thank the entire Mercury Securities team and due diligence working group for their hard work to make today possible.”

Upon its listing on the ACE Market, Mercury Securities will have a market capitalisation of RM223.25 million based on the issue price of RM0.25 per share and its enlarged issued share capital of 893.00 million shares.

Mercury Securities Group Berhad: https://www.mercurysecurities.com.my/




Topic: Press release summary
Source: Mercury Securities Group Berhad

Sectors: Exchanges & Software, Daily Finance, Funds & Equities
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Mercury Securities Group Berhad
Aug 14, 2024 23:00 HKT/SGT
Solar District Cooling Group Berhad Signs Underwriting Agreement with Mercury Securities Sdn Bhd for Its IPO on the ACE Market of Bursa Malaysia Securities Berhad
Feb 19, 2024 12:00 HKT/SGT
Mercury Securities Introduces Mercury Gold
Dec 26, 2023 20:00 HKT/SGT
Mercury Securities Achieves Healthy Performance for Q4FY2023
Sept 8, 2023 19:00 HKT/SGT
Mercury Securities Group Berhad's IPO Shares Oversubscribed By 45.45 Times
Aug 28, 2023 12:00 HKT/SGT
Mercury Securities Group Berhad to Raise RM39.27 Million from IPO
July 20, 2023 17:00 HKT/SGT
Mercury Securities Group Signs Underwriting Agreement with Public Investment Bank for its IPO on the ACE Market of Bursa Malaysia
More news >>
 News Alerts
Copyright © 2024 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: