Qualampur: The main market-bound hi mobility BHD is setting its places on expansion in the Clang Valley, discovering possible opportunities in Saba and Sarwak as part of its strategic development plans.
Cross-border transport service provider is positioning itself to tap in the increasing demand for skilled and uninterrupted public transport solutions.
Its executive director and CEO, Lim Chern Chuen highlighted the company’s commitment to increase its footprint in major urban centers.
“The company aims to take advantage of its experience in operating cross -border bus services between Malaysia and Singapore to improve connectivity within major cities of Malaysia. The Clang Valley focuses a primary focus due to its high commuter volume and growing public transport infrastructure.
“Clang Valley offers important opportunities for us to expand our services and increase dynamics solutions for daily travelers. We are also assessing the ability to expand in eastern Malaysia, where transport connectivity improvement is required, ”he recently asked reporters at a press conference after launching his early public offering prospectus.
While no specific timelines were mentioned, Lim said that HI is actively studying market conditions and regulatory requirements, before it is the next move.
In addition to geographical expansion, he said that Hi is investing in technology to improve dynamics efficiency and commutary experience.
“We are searching for artificial intelligence and digitization to increase fleet management, scheduling and customer service. These technological progress is expected to streamline operations and ensure high credibility for passengers. ,
Lim also addressed the possible impact of the upcoming Johor Bahru-Singapore Rapid Transit System Link (RTS Link) on the company’s border cross-border bus operations. “The RTS link will not compete directly with its services, but will supplement the existing transport options, which will give passengers more flexibility in their daily journey.”
Lim said that Hay Mobility is also looking to increase its electric bus operation, which has received traction in the form of a efficient and environmentally friendly mode of transport. The company sees electric buses as an important component of its long -term strategy, which aims to reduce carbon emissions and improve public transport efficiency.
Hye Mobility, the route for a listing on the main market of Barsa Malaysia on 28 March, raising RM115.9 million through its IPO, emphasizing the public issue of 95 million new shares at RM1.22 per share for the sale of 35 million existing shares.
According to the prospectus, RM 70 million (60.4%) of income will be allocated for bus fleet expansion, including the acquisition of electric and internal combustion engines buses. Some RM15 million (12.9%) is placed to expand electric vehicle charging infrastructure, with plans for various depots and routes.
En -hi RM5 million (4.4%) of income will be invested in hardware upgrade, according to the technical growth strategy of mobility, integrated into artificial intelligence for monitoring vehicle monitoring and driver management among other initiatives.
The remaining RM25 million (22.3%) aims to reduce working capital and listing expenses, according to the prospectus.
