6 November 2024
3REN Positioned to Capitalize on Growing Technology Demand
3REN is optimistic about sustained growth following its upcoming IPO on the ACE Market of Bursa Malaysia, scheduled for November 6, 2024. Our CEO, Koh Dim Kuan highlighted the company’s positioning at the forefront of industry trends, leveraging the growth of AI, machine learning, and Industry 4.0.With a strong presence in semiconductor, automotive, medical, and telecommunications sectors, 3REN offers a diverse range of solutions, serving over 500 Fortune companies.
9 October 2024
3REN Launches IPO Prospectus, Aiming to Raise RM30.8 Million
3REN has officially launched its IPO prospectus, with the aim of raising RM30.8 million through a public issue of 110 million new shares at 28 sen per share. The funds raised will support key business expansions, including the setup of new delivery centres in Penang for product engineering services, an innovation centre for R&D, and a sales office in Singapore to enhance our regional presenceA portion of the proceeds will also be allocated to increasing our engineering workforce and supporting working capital, with the remainder used for loan repayments and IPO-related expenses. Executive Director and CEO, Koh Dim Kuan, highlighted the growth potential in the global semiconductor industry and the role of Industry 4.0 and 5.0 technologies in driving this expansion. The IPO is open for subscription until 5:00 pm on October 23, 2024.
2 September 2024
3REN Bhd Receives Approval for ACE Market Listing
3REN Bhd has officially signed an underwriting agreement with KAF Investment Bank Bhd for its upcoming listing on Bursa Malaysia’s ACE Market, targeted for Q4 of this year. The IPO will offer 11.0 million new ordinary shares and up to 45.0 million existing shares for sale, with 32.5 million shares available to the public.The IPO proceeds will bolster 3REN’s growth, with plans to enhance research and development, create new solutions, and establish Delivery Centres for semiconductor chip design and engineering services. Additionally, a new sales office in Singapore will support existing and future customers in the regionOur Executive Director and CEO, Koh Dim Kuan, expressed confidence in leveraging the Industry 4.0 revolution and semiconductor growth, while KAF Investment Bank’s CEO, Rohaizad Ismail, highlighted 3REN’s strong foundation in the automation and semiconductor sectorsFor more coverage, visitENG - https://www.thestar.com.my/business/business-news/2024/09/02/3ren-signs-underwriting-agreement-with-kaf-investment-bank-for-4q-listinBM - https://www.dagangnews.com/article/3ren-meterai-penjanjian-taja-jamin-dengan-kaf-ib-untuk-ipo-di-pasaran-ace-bursa-malaysia-4049CHI - https://www.chinapress.com.my/20240902/%E5%8F%91%E8%A1%8C%E9%80%BE%E4%BA%BF%E6%96%B0%E8%82%A1-3ren%E5%85%AC%E5%8F%B8%E6%8B%9F%E6%9C%AB%E5%AD%A3%E9%A9%AC%E8%82%A1%E6%8C%82%E7%89%8C/#google_vignette
8 August 2024
3REN Bhd Signs Underwriting Agreement with KAF Investment Bank Bhd for ACE Market Listing
3REN Bhd has officially signed an underwriting agreement with KAF Investment Bank Bhd for its upcoming listing on Bursa Malaysia’s ACE Market, targeted for Q4 of this year. The IPO will offer 11.0 million new ordinary shares and up to 45.0 million existing shares for sale, with 32.5 million shares available to the public. The IPO proceeds will bolster 3REN’s growth, with plans to enhance research and development, create new solutions, and establish Delivery Centres for semiconductor chip design and engineering services. Additionally, a new sales office in Singapore will support existing and future customers in the region. Our Executive Director and CEO, Koh Dim Kuan, expressed confidence in leveraging the Industry 4.0 revolution and semiconductor growth, while KAF Investment Bank’s CEO, Rohaizad Ismail, highlighted 3REN’s strong foundation in the automation and semiconductor sectors.