NovelPlus Technology Berhad (“NTB” or the “Group”), an online social reading and writing platform developer and operator, successfully listed on the LEAP Market of Bursa Securities Malaysia Berhad earlier this month at RM0.25 per share, above the offer price of RM0.15 per share. The Group has an e-book library comprising over 37,000 published novels in Bahasa Melayu and Bahasa Indonesia with an ecosystem comprising over 2.1 million users, of which approximately 10,000 are registered as writers and the rest are readers. The platform operates under the name NovelPlus, with the content being accessed through the Group’s mobile application and web browser. NovelPlus operates on a freemium model where readers can access the platform for free or pay a subscription fee to enjoy an advertisement-free reading experience. The NovelPlus platform allows readers to browse and select e-books, personalise their experience and manage their profile as well as interact with writers registered on the pl
