KGW Group Bhd intends to list on Bursa Malaysia to diversify its business portfolio and expand across all divisions. The company aims to increase warehousing and distribution space for medical equipment and supplies while exploring e-commerce solutions supported by logistical services.
KGW has obtained approval from Bursa Securities and signed an underwriting agreement with TA Securities Holdings Bhd. for its upcoming IPO on the ACE Market. The IPO will help KGW achieve its growth target and broaden its geographic focus within the logistics services industry.
KGW reported revenue of RM195.42 million in FY 2021 and plans to issue 79.66 million shares for public offering. TA Securities will underwrite the shares available to the Malaysian public.