RedPlanet Bhd Completes IPO on Bursa Malaysia, Raises RM13.3mil
2 reports, 2 independent
Updated Oct 22
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What happened
RedPlanet Bhd successfully debuted on the ACE Market of Bursa Malaysia on October 22, 2026. The company raised RM13.3 million from the issuance of 70 million new shares. By 10:40 am, the stock was trading at 29 sen, representing a 52.63% increase over its initial public offering price of 19 sen.
From thestar.com.my
Why it matters
The capital raised will be used for business expansion, with RM8.12 million allocated to strengthen the company's project execution capabilities. RedPlanet Bhd specializes in geospatial solutions, intelligent rail solutions, and the trading of ICT solutions.
From thestar.com.my
Who's involved
- MalaysiaThe country hosting the Bursa Malaysia exchange where the IPO took place