KUALA LUMPUR: Matrix Parking Solution Holdings Bhd jumped 2.5 sen or 19.2% to 15.5 sen as it made its debut on Bursa Malaysia's LEAP market today. At 10.45am, the counter was trading two sen or 15.4% higher at 15 sen on the back of 730,000 shares traded. Of the total proceeds of RM2.6mil, RM800,000 will go towards the purchase of 12 parcels of property with accessory parcels of 665 parking bays. RM200,000 will go towards the purchase of parking site equipment while RM900,000 will be utilised for general working capital requirements, with the remaining RM700,000 for the listing expenses. “We want to develop new geographical market opportunities; adopt new technology and equipment to enhance the delivery of parking management service,” he said.

Source: The Star June 10, 2019 03:11 UTC