OTHERS WTEC GROUP BERHAD ("WTEC GROUP" OR "COMPANY") INITIAL PUBLIC OFFERING IN CONJUNCTION WITH THE LISTING OF WTEC GROUP ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("IPO")

WTEC GROUP BERHAD
TypeAnnouncement
SubjectOTHERS
Description
WTEC GROUP BERHAD ("WTEC GROUP" OR "COMPANY")

INITIAL PUBLIC OFFERING IN CONJUNCTION WITH THE LISTING OF WTEC GROUP ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("IPO")

On behalf of the Board of Directors of WTEC Group, Alliance Islamic Bank Berhad is pleased to announce the following in relation to the IPO:

(i)       level of subscription of public balloting and placement;

(ii)      basis of allotment/allocation;

(iii)     distribution for the placement tranche; and

(iv)     disclosure of placees who become substantial shareholder of WTEC Group arising from the IPO, if any.

Further details of the above are set out in the attachment.

This announcement is dated 17 April 2025.     

Please refer attachment below.

1. WTEC Group Berhad – IPO Subscription result.pdf

Announcement Info
Company NameWTEC GROUP BERHAD
Stock NameWTEC
Date Announced17 Apr 2025
CategoryGeneral Announcement for PLC
Reference NumberGA1-17042025-00086

Teresa Tan Siew Kuan

Madam Teresa Tan Siew Kuan holds a Bachelor of Economics from the University of Adelaide, Australia, and is a member of the Malaysian Institute of Accountants as well as a Fellow of Certified Practising Accountants, Australia (FCPA).

She brings over 30 years of experience across audit, taxation, corporate finance and investment banking. She began her career in 1992 in audit with Kassim Chan & Co (now Deloitte PLT), before gaining tax experience with Coopers & Lybrand (now PricewaterhouseCoopers). She subsequently built a career in corporate finance and advisory with Malaysian International Merchant Bankers Berhad (now Hong Leong Investment Bank Berhad) and Kenanga Investment Bank Berhad, where she advised corporate and institutional clients, including public listed companies.

She later transitioned into academia as a lecturer in accounting and auditing, before returning to the financial services industry in business development roles. She
subsequently served as Chief Financial Officer of TT Vision Holdings Berhad from 2017 to 2019, where she was involved in overseeing the company’s listing on the LEAP Market of Bursa Malaysia Securities Berhad.

She currently provides business and management consultancy services. She is also an Independent NonExecutive Director of IQ Group Holdings Berhad as well as
BWYS Group Berhad.