Golden Destinations Group eyes ACE Market listing
The company is principally involved as a full-service outbound travel experience curator, offering a comprehensive suite of outbound travel experience products and services under Golden Destinations, its flagship brand portfolio.
In its prospectus exposure, Golden Destinations said its initial public offering (IPO) would comprise a public issue of 200 million new ordinary shares.
Of this, 50 million shares will be available for application by the Malaysian public; 35 million shares will be available for application by eligible directors, employees and persons who have contributed to the success of the company and its subsidiaries; while 90 million shares will be available by way of private placement to identified institutional and/or selected investors.
Additionally, 25 million shares will be available by way of private placement to identified Bumiputera investors approved by the Ministry of Investment, Trade And Industry, Malaysia.
UOB Kay Hian (M) Sdn Bhd is the sponsor for the IPO.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
13 minutes ago
- The Star
All eyes on Sabah at KL travel fest
(From left) Phua, Sheikh Awadh and Alex at the MATTA Fair press conference in Kuala Lumpur. — Photos: Low Lay Phon/The Star and filepics (Right) Proboscis monkey will represent Sabah in plushie form. Adventure junkies in Klang Valley are in for a treat at the upcoming Malaysian Association of Tour and Travel Agents (MATTA) Fair in Kuala Lumpur. Sabah Tourism Board will be showcasing tour packages to scale the state's top five peaks as the travel extravaganza takes to Malaysia International Trade and Exhibition Centre (Mitec) from Sept 5 to 7. As this year's Favourite Malaysian Destination is Sabah, the focus will be on its culture, adventure and nature packages. Sabah Tourism Board marketing manager Bobby Alex said: 'We will be promoting tour packages to the top five peaks in Sabah, namely Mount Kinabalu (4,095m), Mt Trus Madi (2,642m), Mt Sinsing (2,586m), Mt Tambuyukon (2,579m) and Mt Kaingaran (2,468m). 'We will also be highlighting family packages as well as tourism packages to Tawau and Kudat. 'These attractions include Pulau Banggi, which is a new frontier for adventure seekers,' he said at a press conference in Kuala Lumpur. Mt Tambuyukon, one of Sabah's rugged peaks. During the April edition of MATTA Fair in Kuala Lumpur, Sabah recorded an impressive RM4.5mil in sales, a 46% increase compared to the same period last year, he added. MATTA deputy president Sheikh Awadh Sheikh Abdullah said the September edition was expected to feature 2,040 booths and new halls to accommodate a wide range of tourism products. 'We are expecting around 180,000 visitors during the three days. 'With RM250mil in sales during the same period last year, we hope to achieve even greater sales this year. 'We are also proud to recognise Sabah as Malaysia's Favourite Destination at the fair as Sabah has some of the best connectivity with over 30 airlines servicing the state,' he said. Visitors to the fair will have a chance to win prizes through a series of contests. The Visit Malaysia 2026 sun bear mascots Wira and Manja will also be at the event, while Sabah will be represented by plushies of the proboscis monkey. MATTA honorary secretary-general Phua Tai Neng, who was also present, said sustainable tourism was the way forward. 'There will be many more products and initiatives centred on sustainable tourism. 'We also urge visitors to use the complimentary double-decker shuttle bus services from KL Sentral station and Sunway Putra Mall to Mitec.' MATTA Fair Kuala Lumpur will open from 10am to 9pm. Admission is free.
The Star
21 minutes ago
- The Star
Sultan of Selangor unveils Marine Dept's Light Dues Tower
Maritime milestone: Selangor Ruler Sultan Sharafuddin Idris Shah (centre) taking a closer look at the model of the Light Dues Tower. Looking on is Amirudin (left). — KK SHAM/The Star PORT KLANG: Selangor Ruler Sultan Sharafuddin Idris Shah officiated the Malaysian Marine Department's (MMD) Light Dues Tower at its headquarters here yesterday. The Sultan was accompanied by Selangor Mentri Besar Datuk Amirudin Shari, Transport Minister Anthony Loke and Marine director-general Datuk Dickson Dollah. The Light Dues Tower is a milestone in the government's commitment to strengthening maritime infrastructure by driving technological innovation and fostering collaboration with stakeholders to ensure the nation's maritime trade remains safe, efficient and sustainable. Meanwhile, Loke, in his speech at the event, said that the 12-storey RM93.68mil tower is equipped with an accredited Vessel Traffic Services (VTS) centre that complies with the International Association of Marine Aids to Navigation and Lighthouse Authorities (IALA) standards. He said the MMD's VTS complies with IALA international standards and plays an active role in shaping the standards at the global level. 'The Malaysian Marine Department is the architect of Malaysian waters globally. With this better facility, it is hoped the Malaysian Marine Department will continue playing its pivotal role as the pioneering agency in taking care of the safety and sustainability of the country's maritime environment,'' he added. Loke says the VTS centre's role in the tower is vital to maritime safety as it monitors the movement of thousands of ships every day and provides navigation information and early warnings of potential dangers. Anthony also said that the Strait of Malacca was one of the busiest shipping lanes in the world, with an average of about 200 ships per day plying its route. 'This amazing number includes giant oil tankers, container cargo ships and various other types of merchant ships that carried about one-fifth of the total global trade,' said Loke. Given this, added Loke, the existence and operational efficiency of the VTS was a crucial defensive wall in preventing ship collisions, managing maritime emergencies, such as oil spills or stranded ships, and ensuring the smooth flow of maritime trade. 'Without an efficient and modern VTS system, the risk of accidents at sea will increase significantly, which could affect the country's economy, pollute the environment, and threaten lives,' he said. The construction of the tower began in December 2017 and was completed in 2021/ It officially started operations in 2024. The architectural concept of the Light Dues Tower was designed to resemble a cruise ship, symbolising the MMD's role as the leader of the nation's maritime sector. The construction was funded under the provisions of the Federation Light Dues Act 1953.
The Star
3 hours ago
- The Star
JS Solar inks IPO deal with TA Securities
(From left) TA Securities Holdings Bhd corporate finance head Ku Mun Fong, operations executive director Tah Heong Beng, JS Solar Holding Bhd managing director Johnson Chai Jeun Sian, chairman Datuk Ahmad Fauzi Hasan and Eco Asia Capital Advisory Sdn Bhd managing director Kelvin Khoo at the underwriting agreement signing ceremony of JS Solar in conjunction with its upcoming initial public offering on the ACE Market of Bursa Malaysia by the third quarter of 2025. KUALA LUMPUR: JS Solar Holding Bhd has inked an underwriting agreement with TA Securities Holdings Bhd in conjunction with its upcoming initial public offering (IPO) enroute to a listing on the ACE Market of Bursa Malaysia. JS Solar is expected to be listed by the third quarter of financial year 2025. The solar photovoltaic (PV) system company said in a statement that the IPO exercise entails a public issue of 78 million new ordinary shares, representing 24% of the group's enlarged issued share capital, along an offer for sale of 19.5 million existing shares, representing 6% of the enlarged issued share capital. 'Of the 78 million issue shares, 16.25 million will be made available to the Malaysian public via balloting; and 19.5 million issue shares to eligible directors, employees and other persons who have contributed to the success of the group (pink form allocation). 'The remaining 42.25 million issue shares will be made available by way of private placement to selected investors,' it said. 'The 19.5 million offer shares will be made available by way of private placement to selected investors.' Pursuant to the underwriting agreement, TA Securities has agreed to underwrite a total of 35.75 million issue shares made available to the Malaysian public and pink form allocation. JS Solar, through its subsidiaries, principally provides engineering, procurement, construction and commissioning services and contracting services for solar PV systems, along with operations and maintenance services. Its managing director Johnson Chai Jeun Sian said the signing of the underwriting agreement with TA Securities brings them one step closer to their upcoming listing on the ACE Market. — Bernama
