Kuala lumpur: Customised incentive travel solutions provider Yes Group Management Bhd (Yes Group) has received Bursa Malaysia Securities Bhd's approval for its listing on the ACE Market. In a statement today, the company announced that the initial public offering (IPO) will include a public issue of 91.87 million new shares and an offer for sale of 45.93 million existing shares, totaling an IPO offering of 137.80 million shares. Upon listing, Yes Group will have an enlarged issued share capital of 530 million shares.

According to BERNAMA News Agency, Yes Group's managing director, Angela Mak Shau Kwan, highlighted the company's evolution from a travel and event solutions provider to a meetings, incentives, conferences, and exhibitions (MICE) specialist. The transition has been marked by strong execution capabilities, with a foundation built on customer relationships, operational processes, and service quality. "The proposed listing will provide us with a stronger platform to enhance our visibility, expand our capabilities, and pursue our next phase of growth," Mak stated.

The company traces its roots back to 2008 with the incorporation of Yes Travel and Events Consultant Sdn Bhd, later renamed Yes Travel and Holidays Sdn Bhd in 2009. Initially focusing on event planning and management for corporate events, the group expanded into domestic incentive travel in 2010 and overseas incentive travel by 2014.

As detailed in the prospectus exposure, the group intends to use the proceeds from the public issue to enhance ground transportation services in Europe, establish a regional office in the United Kingdom, and set up a training and development center known as Yes Academy, among other initiatives.

Malacca Securities Sdn Bhd serves as the principal adviser, sponsor, underwriter, and placement agent for the IPO.