First listing of 2020 sees 12.5 per cent premium
This marks a major milestone for Super genics as our listing exercise has provided us with the platform to gain access to the capital markets for our future business expansions.
Tan Bii Chau
January 7, 2020
KUCHING: Super genics Berhad (Super genics) made its debut yesterday on the LEAP Market of Bursa Malaysia Securities Bhd (Bursa Securities) as the bourse’s first listing this year, opening at RM0.225 which represents a 12.5 per cent premium to its issue price of RM0.20.
Super genics is principally involved in the provision of integrated turnkey solutions for the development of cleanrooms and the provisions of management services for cleanrooms. Its business is currently focused within the Klang Valley area.
Speaking at the listing ceremony, Supergenics’ group managing director Tan Bii Chau said, “This marks a major milestone for Supergenics as our listing exercise has provided us with the platform to gain access to the capital markets for our future business expansions.
“With that said, the listing has also enhanced our profile. We are optimistic that this will strengthen our prospects in markets outside the Klang Valley as well as regionally.”
The listing exercise raised RM5 million proceeds, whereby RM2 million of the proceeds will be for working capital to take on contracts with greater contract sums and hiring of additional professionals to expand its team.
This is to facilitate Supergenics’ expansion into other geographical locations as well as to take on higher-valued contracts.
RM1 million will be used to develop a showcase cleanroom and another RM1 million will be utilised to enhance and further develop Supergenics’ Laboratory
Monitoring and Control System (SGLMS). The remaining RM1 million is to defray expenses related to the listing exercise.
SGLMS is an in-house developed proprietary system embedded with artificial intelligence. The system allows users to control, maintain and monitor indoor air quality and performance of the cleanrooms. The SGLMS is also able to record critical data such as the room temperature, room particle levels, oxygen and carbon dioxide levels.
“From humble beginnings since 1982, we have been establishing ourselves in this niche market of the development of cleanrooms and have built a track record of approximately 9 years and counting. Presently, the cleanrooms developed by us are mainly used in the life science industry, such as laboratories, medical centres and stem cell centres.
“Moving forward, we will continue to focus on these industries as well as explore other industries which have a demand for cleanrooms.
“In addition, we intend to further develop and enhance our SGLMS,” Tan added. “The development of this system is in line with our strategic plans, which is to value add for our existing clients and expand our customer base, targeting those in highly regulated industries such as the food processing and pharmaceutical industries.”
For this listing exercise, Thinkat Advisory Sdn Bhd is the approved adviser, placement agent, custodian and continuing adviser.