KUALA LUMPUR (May 19): Newly-listed construction services firm Tuju Setia Bhd opened at 77.5 sen this morning, 10.71% higher than its initial public offering (IPO) price of 70 sen.
The stock, which was the eleventh top gainer this morning, rose as much as 17.5 sen or 25% to 87.5 sen.
At 10.07am, the counter pared some gains at 79.5 sen, but was still up 9.5 sen or 13.57%. At 79.5 sen, the group was valued at RM251.88 million.
The counter was also the fifth most actively traded stock, with 54.57 million shares transacted.
The firm said earlier it aimed to raise up to RM56 million in proceeds in its IPO, of which RM32 million will be allocated for capital expenditure to be utilised to purchase new construction machinery and equipment, and Building Information Modelling (BIM) system software to upskill design and construction activities.
KUALA LUMPUR (May 7): Construction services provider Tuju Setia Bhd, which is set to be the first company to be listed on the Main Market of Bursa Malaysia this year on May 19, saw its initial public offering (IPO) of 80 million new shares oversubscribed by 42.1 times.
The offer price is at 70 sen per share.
In a statement today, Tuju Setia said it received a total of 21,292 applications for 682.3 million shares with a total value of RM477.6 million for the 15.9 million shares that were made available for application by the Malaysian public.
Meanwhile, the Bumiputera portion of shares was oversubscribed by 37.2 times, after a total of 11,006 applications for 302.8 million shares were received.
English law makes its way to Latin America and the Caribbean
As a Scottish lady (with all the stereotypical features of one) it’s pretty clear that I am not originally from my chosen hometown of Miami, Florida, nor from the region in which I work as a lawyer, in LATAM and the Caribbean.
Anna Weiss
The beauty of Miami is that it’s the gateway to the Americas and as such, it has a hugely diverse cultural mix of people from Latin America, the Caribbean, the US and Europe, and people from all over the world happily make it their home. As a result of this it’s a vibrant business city, where Spanish is the main language and when you land at Miami International, taxi drivers will tell you they are taking you to the closest city to the US, often nicknamed the Capital of Latin America .
The Different Stages of MEP Coordination
iCrowd Newswire
02 May 2021, 14:37 GMT+10
Mechanical, Electrical, and Plumbing (MEP) services are essential aspects of building design and construction. Professionals within Architecture, Engineering and Construction (AEC) require detailed information regarding the location, type and installation timetables for the MEP services throughout the project.
Increasingly, Building Information Modelling (BIM) technology is helping firms streamline the MEP coordination process. The U.K. Government is committed to creating opportunities for the U.K. construction industry to become a world leader in the use of BIM, realizing that it offers a fully coordinated, streamlined approach to healthy building. Significant progress has already been achieved using BIM in the domestic sector, and MEP service coordination is an integral part of this process.
The Different Stages of MEP Coordination texasguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from texasguardian.com Daily Mail and Mail on Sunday newspapers.