ACE Market Listing Opens New Growth Avenue For Inspace Creation
KUALA LUMPUR, May 8 (Bernama) -- Interior fit-out service provider Inspace Creation Bhd remains optimistic about its outlook following its listing on Bursa Malaysia’s ACE Market today, with new growth avenues, positive tender prospects, and a RM30 million order book.
Executive director Edward Cheong Han Bin said the company is focused on executing its business plans and strengthening its project pipeline after making its market debut.
He said that although demand for the group’s services is linked to commercial property cycles, the business remains resilient due to the recurring nature of refurbishment and upgrading works, which are still required even in slower market conditions.
“In addition to new office fit-outs, a portion of our projects arises from companies relocating, renewing leases or reconfiguring existing spaces to meet evolving workspace requirements,” he said during a virtual press conference after the company’s listing ceremony.
At the opening gong, the company debuted on the ACE Market of Bursa Malaysia at 26.5 sen, a 1.5 sen premium over its IPO price of 25 sen, with 27.73 million shares traded.
On its share price performance following the listing, its other executive director, Wong Chong Siong, said the company’s share price performance demonstrates the market’s positive reception of its business model and its commitment to quality workspace transformations.
“With the capital raised, we are now better equipped to expand our operations, establish dedicated mock-up facilities to enhance client engagement, and pursue larger-scale commercial projects across regional markets beyond the Klang Valley,” he said.
-- BERNAMA