KUALA LUMPUR (May 9): Logistics software company Total Dynamic Holdings Bhd has received Bursa Malaysia’s approval to be listed on the LEAP Market by way of introduction.

The company isn’t raising any funds from the listing and there is no offer for subscription, or invitation to purchase the company’s shares. The proposed listing involves a placement of its entire issued share capital of RM16.37 million comprising 250 million shares.

The listing reference price is 20 sen per share, and the company is expected to have a market capitalisation of RM50 million, according to an information memorandum filed to Bursa on March 29, 2024. 

Total Dynamic, which provides management systems and related services to the logistic sector, has successfully raised RM5 million from a pre-listing share placement exercise to private investors and share issuance to employees to fund the company’s expansion.

The plan includes investment in a new server infrastructure for Total Dynamic’s alternate data centre as well as opening three new sales and service centres in Melaka, Kota Kinabalu in Sabah and Alor Setar in Kedah, Total Dynamic executive chairman Alex Wong said in a statement.

The company offers fleet management systems 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 technology.

The company also provides logistics and warehouse management systems to its customers which are mainly operating in the transportation and logistics sector.

Currently, Total Dynamic’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 in Penang, Klang in Selangor, Chemor in Perak, Kuantan in Pahang and Skudai in Johor.

WYNCORP Advisory Sdn Bhd is the approved adviser and continuing adviser for the listing exercise.