On behalf of everyone in Pecca, we are eager to kickstart this new journey of growth and expansion as we seek to create further value for our new shareholders.

Pecca makes impressive debut with 29 sen premium

KUALA LUMPUR: Largest automotive leather upholstery supplier, Pecca Group Bhd, made an impressive debut on the Main Market of Bursa Malaysia at a 29sen premium from its issued price of RM1.42.

The counter opened at RM1.71 with 3.4 million shares traded.

Independent non-executive chairman Datuk Mohammad Suffian Awang said the company’s successful listing was testament to allthehardworkandmonthsspent by its dedicated management and staff at every level to achieve the milestone.

“On behalf of everyone in Pecca,

Datuk Mohammad Suffian Awang, Independent non-executive chairman

we are eager to kickstart this new journey of growth and expansion as we seek to create further value for our new shareholders.

“At the same time, we remain committed to upholding and delivering on our responsibility as a public listed entity,” said MohammadSuffianinhisspeechat the listing ceremony yesterday.

Pecca is the supplier for the original equipment manufacturer (OEM) and pre-delivery inspection (PDI)passengervehiclesegmentin Malaysia since 2013.

Meanwhile, at the press conference, Executive Director Michael Tan Jin Sun, said the company would allocate RM3.75 million to launch its first concept retail store in the next two years. — Bernama