Agmo

KUALA LUMPUR: Homegrown digital solutions and application development specialist Agmo Holdings Bhd (AHB) registered a positive start on the ACE market of ...

Approximately RM2.54 million of the proceeds will be used to establish a training and development centre known as Agmo Academy. "With the proceeds raised from the IPO, we will expedite our growth initiatives and continue our efforts to put the company in a stronger position to pursue future opportunities, even as we continue to innovate our product offerings," Tan said. Of the RM22.10 million in proceeds raised from the IPO, AHB has allocated RM9.47 million for research and development (R&D) investments, sales, marketing, and business development teams. Further, the company will invest RM6.22 million in working capital and related capital expenditure to expand its mobile and web application development and digital platform-based services and set up a new office. KUALA LUMPUR: Homegrown digital solutions and application development specialist Agmo Holdings Bhd (AHB) registered a positive start on the ACE market of Bursa Malaysia, with 16.25 million new shares oversubscribed by 120.15 times. Additionally, the 6.50 million shares made available to eligible directors, key senior management, employees, and business associates were fully subscribed, while the 62.25 million shares made available by way of a private placement to selected investors had been fully placed out.