3REN Makes Strong Debut on ACE Market
3REN Berhad had a successful debut on Bursa Malaysia’s ACE Market, with shares opening 19.6% higher at 33.5 sen following our IPO that raised RM30.8 million. Early trading demonstrated robust interest, with shares reaching 35.5 sen by mid-morning.
A significant portion of the IPO proceeds, RM19.2 million, will drive our expansion efforts, including new delivery centers, enhanced R&D capabilities, and a dedicated sales office in Singapore. The remaining RM11.6 million will support debt repayment and listing-related expenses.
Our CEO, Mr. Koh Dim Kuan, highlighted Southeast Asia’s growing role as a manufacturing hub, creating promising opportunities as we embrace Industry 4.0 and 5.0.
For full coverage, visit:
EN: 3REN climbs 20% on ACE Market debut | TheStart
BM: Saham 3REN meningkat 19.6% semasa penampilan sulung di Pasaran ACE | dagangnews