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BMS Holdings Berhad Sets To Raise RM80.08 Million From Ace Market IPO Exercise
The IPO will comprise a public issue of 364.00 million new shares ("Issue Shares") and an offer for sale of 156.00 million existing shares ("Offer Shares"), collectively representing approximately 33.77% of BMS Holdings' enlarged number of issued shares of 1.54 billion upon listing.
Based on the IPO price of RM0.22 per share and its enlarged number of issued shares of 1.54 billion, BMS Holdings' market capitalisation upon listing will be approximately RM338.80 million.
For the remaining half of FY2025, NCT Alliance expects its launch pipeline to boost revenue. Upcoming launches include Phase 1 of its maiden development in Sabah, Ion Borneo Garden, Phase 3 of Ion Belian Garden and Ion Marina Bay.
Advancecon Holdings Bhd (ADVCON) has secured a RM36.1m contract from Sime Darby Property for earthworks and infrastructure works at Serenia City in Dengkil, Sepang.
The project is part of ongoing development works in a major township in the Southern Klang Valley corridor, master-planned by Sime Darby Property as the "Garden City of KLIA" and shall be commencing from Oct 28, 2025 until April 27, 2027.
