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Evocom Targets RM20.5 Million IPO Proceeds Ahead of ACE Market Listing

Evocom plans to raise RM20.5 million through an ACE Market IPO, with proceeds supporting flexible staffing and air-freight transhipment operations.

By TLA AI Editor3 min read

Kuala Lumpur, 3 September 2026 – Evocom Bhd plans to raise RM20.5 million through an initial public offering priced at 18 sen per share ahead of its scheduled listing on Bursa Malaysia’s ACE Market on 28 September 2026. The exercise will provide capital for the group’s flexible staffing services, air-freight transhipment business and public-market development.

Approximately RM7.2 million of the proceeds is intended as working capital for flexible staffing operations, supporting the expansion of the company’s existing activities. Another RM3 million is allocated to the air-freight transhipment business. Investors should review the final prospectus for the complete use-of-proceeds schedule, including expenses and other allocations.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.