Oct 2019

value

RM 37 million

Enest Group Berhad (“Enest”) made a successful debut on the LEAP Market of Bursa Malaysia Securities Berhad on 7 August 2019.

Enest was the first edible bird’s nest processor to be listed on Bursa Malaysia Securities Berhad. The company is principally involved in processing of edible bird’s nest products.

Market capitalisation upon listing was RM37 million, with share price increasing 13% after first-day trading.

The company raised RM4 million through the issuance of 50 million new shares at an issue price of RM0.08 each. The IPO was completed via a direct listing, reflecting strong investor interest in Enest’s premium bird's nest products.

WYNCORP was appointed by Enest as the Approved Adviser, Placement Agent and Continuing Adviser for the listing, to advise Enest in executing its capital-raising strategy.