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SINGAPORE — Critical Holdings, a Malaysian engineering firm specializing in design and installment of building systems, aims to step up its expansion drive following a strong market debut on Monday, tapping a surge in demand for data centers and semiconductor facilities.
The Penang, Malaysia-based company raised 26.02 million ringgit ($5.54 million) through a public issuance of over 74 million new shares. Its share price opened at 0.5 ringgit, up 43% from the initial offering price of 0.35 ringgit in Kuala Lumpur on Bursa Malaysia’s Ace Market — a bourse for small and midsize firms with high growth potential before potential listing on the main market.
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