KUALA LUMPUR: Technology company Total Dynamic Holdings Bhd has received approval to list on the LEAP market of Bursa Malaysia Securities Bhd by way of introduction.
Its the first company this year to receive approval to list on the LEAP market.
Its executive chairman Alex Wong said this marks a significant milestone in the company's corporate journey as it builds a growing technology company focusing on offering integrated logistics management system solutions.
"We have successfully raised RM5.0 million in proceeds from a pre-listing share placement exercise to private investors and share issuance to our employees to fund our business expansion plans, he said.
"This includes investing in a new server infrastructure for our alternate data centre as well as opening three new sales and service centres in Melaka, Kota Kinabalu and Alor Setar to cater for our anticipated growth," Wong said in a statement.
Total Dynamic and its subsidiaries are principally involved in the development and provision of integrated logistics management system (ILMS) and related services.
It offers fleet management solutions known as "TDT GPS", comprising a suite of cloud-based software applications to track, monitor and manage information on the movement of commercial vehicles and their drivers using global positioning system (GPS) technology.
The company also provides logistics and warehouse management solutions known as "Dynamic Move" to its customers which are mainly operating in the transportation and logistics sector.
Currently, the company's head office operations and central monitoring system are based in Seremban, Negeri Sembilan, with five sales and service centres located throughout Malaysia, namely in Butterworth, Klang, Chemor, Kuantan and Skudai.
The company plans to open new sales and service centres in Melaka, Kota Kinabalu and Alor Setar.
Wyncorp Advisory Sdn Bhd, is the approved advisor and continuing advisor for the listing exercise of Total Dynamic.
