A Momentous Achievement: Well Chip Group Bhd’s Successful Main Market Listing
We are thrilled to announce that Well Chip Group Bhd has officially been listed on the Main Market of Bursa Malaysia as of July 23, 2024. Our shares surged 50% to RM1.72, marking a significant milestone for our company.
Chief executive officer Ng Hooi Lang expressed optimism about our future, leveraging the growth of the pawnbroking industry. We have raised RM172.5 million from our IPO, which will be used to expand our presence in Johor and Melaka.
Well Chip is committed to exploring future business opportunities, including the possibility of venturing into syariah-compliant pawnshops if there is demand. We look forward to enhancing our credibility and pursuing further growth.
The overwhelming response to our IPO is a testament to the confidence that investors have in Well Chip Group Bhd. This successful listing provides us with a robust platform to continue our mission of delivering exceptional value to our shareholders and customers. As we embark on this exciting new chapter, we remain dedicated to maintaining the highest standards of service and integrity in the pawnbroking and gold jewellery trading industry.
This tremendous achievement was highlighted in an article by The Edge Malaysia, which you can read here.
https://theedgemalaysia.com/node/719943
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