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Titijaya Going Public

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Started from a humble beginning and today a reputable developer by stature and a proud track record under its belt, Titijaya Land Berhad inched a step closer to be among the premier league of property developers in Bursa Malaysia.

Certainly a milestone for any company to have moved this far, CEO Lim Poh Yit commended Founder and Managing Director, Tan Sri Lim Soon Peng’s foresight and determination through the years for this momentous day. On this historic Prospectus Launch on 11 November 2013, Poh Yit assured friends, associates, clients, media and all well wishers who attended the event at KL Hilton that Titijaya aims at being number one. He also shared a light moment that the company name audibly sounds like “number one” when spoken in Chinese.

Led and spearheaded by Tan Sri Lim and his two children where daughter Charmaine Lim is the Executive Director, Titijaya sets its sights to acquire more land banks through this IPO exercise by and ensure its journey of property development shall continue both as a business and as a passion for the company.

RM30 million from the IPO will be allocated to acquire land banks, RM49.5 million is expected to go into Titijaya’s working capital, RM15 mllion in repayments of bank borrowings, RM24.3 million for repayment of advances from previous shareholders and RM3.8 million for the listing exercise.

The company targets to raise RM122.55 million from the offer of 81.70 million shares at RM1.50 a piece when it officially launches itself on the main market of Bursa Malaysia, sometime in November 2013.

 

Log on to www.titijaya.com.my for more information.