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.