TOP ACTIVE: Mobilia Holdings Bhd (Mobilia) appeared among the top actively traded stocks after its official debut on the ACE Market of Bursa Malaysia. The group and its subsidiaries are principally involved in the design and manufacturing of home furniture. The stock opened at 65 sen, which is a 183 per cent premium compared to its IPO price of 23 sen. Mobilia started from a humble 33,000-square-foot rented factory in Muar, Johor, and has now grown to have its own manufacturing plant and its products exported out of Malaysia and globally across Asia, North America, Europe, Middle East, South America, Australasia, and East Africa.
EXPANSION PLANS IN PLACE: Melaka-based property developer, Teladan Setia Group Bhd (Teladan Setia), has just concluded its digital prospectus launch. The digital launch was held in conjunction with the group’s upcoming listing on the ACE Market of Bursa Malaysia. Melaka-based Teladan Setia is a property developer with a diversified portfolio of developments comprising landed, low-rise and high-rise residential properties, as well as landed shop houses, offices, and retail shops. Since the group’s establishment in 1997, Teladan Setia has completed property projects with a total gross development value (GDV) of RM2.1 billion. It currently has an undeveloped landbank totalling approximately 73.9 acres, of which majority is located in Melaka.