Tri-Mode System Bhd an integrated logistics service provider in Malaysia, recently signed an official underwriting agreement with TA Securities Holdings Berhad and Kenanga Investment Bank Berhad for its Initial Public Offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad.
TA Securities will act as the Company’s Principal Adviser, Sponsor, Managing Underwriter, Joint Underwriter and Placement Agent while Kenanga is the Joint Underwriter for the IPO. In addition, ZJ Advisory Sdn Bhd has been appointed as the Financial Adviser for this listing exercise.
Tariff negotiations have yet to start and broader equity market swings have become a new way of life. If the United States follows through on President Donald Trump’s threat to slap tariffs on an additional $100 billion of Chinese goods, investors fear that this tit-for-tat action could escalate. Fortunately for call warrant traders, volatility is always welcome.
“Responding to market demand, these 24 new warrants from 6 sectors will provide trading opportunities in a volatile market,” said Kenanga Investment Bank Berhad executive director and head of group equity broking, Lee Kok Khee.
Bursa Malaysia Berhad welcomes the announcement made by the Prime Minister, Datuk Seri Mohd Najib, in regards to the new LIVE (Listing Incentives for SME) program.
This new incentive is set to boost the Leading Entrepreneur Accelerator Platform (LEAP) Market and provide an avenue for underserved Small and Medium Enterprises (SMEs) to turn to the capital market to raise funds, where SMEs have been the engine of growth and job creation.