IPO raises RM58.0 million towards CNERGENZ's expansion plans and future research and development expenditure

KUALA LUMPUR - CNERGENZ Berhad (CNERGENZ), an established electronics manufacturing solutions provider based in Penang, has made its debut on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Securities) under the Technology sector, opening at RM0.605 per share, which is a premium of RM0.025 or 4.31% above the IPO price of RM0.58 per share.

Chairman of CNERGENZ, Dato' Azman bin Mahmud, extended the thanks of the Company to the Securities Commission, Bursa Securities, UOB Kay Hian Securities Sdn Bhd as well as others involved in the IPO exercise, and said, "I would like to thank our investors who have placed their trust and confidence in CNERGENZ, and for their support which has contributed to the success of CNERGENZ's hub."

Through its IPO, CNERGENZ has successfully raised RM58.0 million in funds, which are expected to be utilised towards the Company's facility expansion plans, research and development activities, as well as general working capital purposes.

"I would also like to thank all our suppliers, customers, investors and shareholders, who have made today's listing a possibility and a memorable

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