VETECE Holdings Berhad IPO: RM34.3M Raise for IT Expansion on ACE Market

​VETECE Holdings Berhad launches RM0.25 per share IPO on ACE Market. Invest in Malaysia's growing information technology sector before 28/08/2024 listing.

VETECE Holdings Berhad is gearing up for its Initial Public Offering (IPO) on the ACE Market, aiming to raise RM34.3 million. The funds will be used to fuel the company’s growth, particularly in the IT sector.

How the Funds Will Be Used

• Technology Upgrades: 27% of the funds will go towards upgrading hardware and software, keeping VETECE competitive in the fast-paced tech world.
• New Products & Services: 9% is allocated to launching new core products and services, helping VETECE expand its offerings and attract more customers.
• Singapore Expansion: 13% will be invested in strengthening operations in Singapore, a key market for the company.
• Centre of Excellence: 15% is set aside to create a Centre of Excellence for software development, positioning VETECE as a leader in IT innovation.
• Financial Health: 16% of the funds will be used to repay loans, improving the company’s financial stability.
• Listing Costs: The remaining funds will cover the costs of the IPO process.

Conclusion
VETECE Holdings Berhad’s IPO is a strategic move to enhance its IT capabilities and expand its market presence. With a clear plan for the use of funds, the company is positioning itself for future growth and success in the tech industry.

To sign up for a 15-Digit Direct CDS Account Number to apply IPO,

1. Download M+ Global app
2. Sign up using your Phone Number
3. Enter my Invitation Code, which is UBZQ
4. Pay RM11 to register a Bursa Direct CDS number.
5. Wait for the email confirmation
6. Then you can apply the IPO in M+ Global App, More detail: bursa-eipo-subscription-easy-malaysian-ipo-investing-m-global.html