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Sin-Kung Raised £4.3 Million at IPO to Fund Expansions

Sin-Kung Logistics Bhd debuted at IPO price of 13 sen (£0.02) with 26.36 million shares traded when the market opened.

The IPO Proceeds Will Fund Several Initiatives Including the Expansion of Valdor Warehouse in Penang

Sin-Kung Logistics Bhd, an integrated logistics service provider, made a debut on the ACE Market of Bursa Malaysia on 15 May 2024. Sin-Kung debuted at IPO price of 13 sen (£0.02) with 26.36 million shares traded when the market opened.

Managing director Alan Ong announced that the IPO proceeds will fund several initiatives, including the expansion of their Valdor warehouse...

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