v3.25.2
Issuance of Shares
 6 Months Ended
Jun. 30, 2025
Issuance of Shares [Abstract]  
ISSUANCE OF SHARES
4ISSUANCE OF SHARES

 

   Number of
shares		   RM 
Balance as at December 31, 2023   10,800,000    1,145,780 
Issuance of shares from Sagtec Global Limited   
-
    
-
 
Balance as at December 31, 2024   10,800,000    1,145,780 
Proceeds from issuance of Class A ordinary shares upon the completion of IPO   1,750,000    30,898,700 
Balance as at June 30, 2025   12,550,000    32,044,480 

 

In March 2025, the Group successfully completed its initial public offering (“IPO”) on the Nasdaq Capital Market, issuing a total of 1,750,000 shares at an offering price of RM17.6564 (USD4.00) per shares, raising gross proceeds of RM 30,898,700 (USD 7,000,000).

 

As of the reporting date, the offering-related expenses had not yet been finalized, and therefore the full amount of gross proceeds has been presented within equity.

 

The Group will record the offering expenses as a deduction from equity in the subsequent reporting period, in accordance with IAS 32 – Financial Instruments: Presentation, which requires directly attributable transaction costs of an equity transaction to be accounted for as a deduction from equity, net of any related tax benefits.