Lowyat.NET: Latest topics by nexona88

IPO: Sunway Healthcare

nexona88 — Fri, 27 Feb 2026 12:07:05 +0800

Sunway Healthcare Holdings Bhd (SHH) aims to raise RM833.8 million through its initial public offering (IPO), priced at RM1.45 per share ahead of its listing on the Main Market of Bursa Malaysia.

According to the prospectus, from the IPO proceeds, a total of RM554.05 million or 66.5 per cent will be used for capital expenditure for expansion of the group’s existing hospitals within 36 months from the date of its listing.

"A further RM249.71 million (29.9 per cent) will be used for redemption of the sukuk wakalah within 24 months of its listing and RM30 million (3.6 per cent) to defray fees and expenses in relation to the IPO," it said.

IPO: Wasco Greenergy

nexona88 — Thu, 20 Nov 2025 15:41:56 +0800

Greenergy is a leading renewable energy systems provider, specialising in customised steam energy and steam turbine generator solutions. In Malaysia, Greenergy is the largest provider of steam turbine generator systems and the 2nd largest provider of biomass steam energy systems in 2024. Meanwhile, in Indonesia, Greenergy is among the top steam turbine industry players in 2024 and a leading player within non-utility end user segment. It is the only appointed distributor of Shinko-brand steam turbines offering competitive performance assurance.

Price: RM1 per share

Opening Date : 20 Nov 2025

Closing Date : 28 Nov 2025

Ballot Date : 02 Dec 2025

Listing Date : 11 Dec 2025

The initial public offering (IPO) is priced at RM1 per share, involving a public issue of 75 million new shares and an offer for sale of 75 million existing shares held by Wasco and Tema Energy Ventures Sdn Bhd. In total, up to 30% of the enlarged share capital will made available to investors.

Source:
https://theedgemalaysia.com/node/781310
https://tiih.com.my/index.php?p=current_ipo

Break: MAE Apps minmum iOS 18 & Android 13

nexona88 — Sun, 09 Nov 2025 14:27:12 +0800

Flash News:

MAE Apps @ Maybank needed minimum iOS 18 or Android 13

M2U website browser too

https://www.maybank2u.com.my/maybank2u/mala...ser-update.page

IPO: Loob Berhad

nexona88 — Fri, 06 Jun 2025 10:25:07 +0800

Loob Bhd, the operator behind popular food and beverage (F&B) brands Tealive and Bask Bear, is preparing for a listing on the Main Market of Bursa Malaysia.

Proceeds from its initial public offering (IPO) are intended to finance the opening of 12 new Tealive stores and 13 Bask Bear stores, and to repay existing borrowings, according to Loob's draft prospectus filed with the Securities Commission Malaysia.

The IPO will comprise a public issue of 58.46 million new shares, representing 5% of the company's enlarged share base, and an offer for sale of 292.3 million existing shares that represent 25% of its enlarged share base.

Loob said it is the "largest brand owner by number of stores in the F&B services industry in Malaysia" through Tealive and Bask Bear. The group had 831 Tealive stores as at Feb 28, comprising 547 Tealive corporate stores and 284 Tealive franchised stores; and 135 Bask Bear stores, comprising 129 Bask Bear corporate stores and six Bask Bear licensed stores.

Loob also operates 121 Tealive franchised stores across the Philippines, Myanmar, Brunei, Mauritius, Vietnam, Cambodia, and Canada.

In addition to its F&B business, the company also sells sparkling water machines and carbonated gas cylinders to both businesses and consumers.

Loob made a profit after tax of RM51.6 million for its financial year ended June 30, 2024 (FY2024), up 33.96% from RM38.52 million in FY2023, but less than the RM64.53 million it achieved in FY2022. Revenue, meanwhile, grew to RM591.24 million in FY2024, from RM511.75 million in FY2023 and RM422.49 million in FY2022.

Of the 350.76 million shares under the public issue and offer for sale, 134.46 million shares (11.5% of the enlarged share base) will be reserved for the Malaysian public under the retail offering, and 11.69 million shares (1%) will be allocated to eligible persons of the group, both via application.

The remaining 204.61 million shares will be offered to institutional investors as follows: 58.46 million shares (5% of enlarged share base) to selected investors and 146.15 million shares (12.5%) to Bumiputera investors approved by the Ministry of Investment, Trade and Industry, both through bookbuilding.

The 292.3 million existing shares under the offer for sale will be offered by substantial shareholders Uttama Ltd, Loob executive director and chief executive officer Bryan Loo, his father and director Loo Chuu Lin, his sister and executive director and chief operating officer Loo Chee Leng, and Singli Aerovest Sdn Bhd.

Based on the company's current share base, Uttama holds a 30% stake, followed by Bryan with 21.8%, Chuu Lin (20.2%), Chee Leng (17.1%), and Singli Aerovest (5.4%).

Uttama is wholly owned by Creador IV LP, while Singli Aerovest is 70% owned by Datuk Mah Yew Lay and 30% by Mah Kok Weng.

Uttama will offer the largest portion under the offer for sale with 233.84 million shares (20% of the enlarged share base), followed by Bryan with 17.28 million shares (1.5%), Chuu Lin with 15.98 million shares (1.4%), Chee Leng with 13.5 million shares (1.2%), and Singli Aerovest with 11.69 million shares (1%).

Post-listing, Uttama’s stake is projected to fall to 8.5%, Bryan's to 19.3%, Chuu Lin's to 17.8%, Chee Leng's to 15.1%, and Singli Aerovest's to 4.1%.

Maybank Investment Bank Bhd is the principal adviser and sole managing underwriter for the IPO. It is also the joint bookrunner and underwriter with AmInvestment Bank Sdn Bhd.

IPO: Saliran Group Bhd

nexona88 — Thu, 20 Feb 2025 15:54:45 +0800

Saliran Group Bhd, which supplies pipes to the oil and gas industry, has set its initial public offering (IPO) price at 27 sen apiece in a share sale that will raise up to RM32 million from the ACE Market.

The public issue comprising 80.4 million new shares will raise RM21.7 million, according to its prospectus launched on Wednesday. An offer for sale of 38.29 million existing shares meanwhile will gross about RM10.3 million for its selling shareholder.

Applications for the IPO shares will close on Feb 28, and the listing is scheduled for March 13.

The public issue involves 19.15 million new shares for application by the Malaysian public, 7.66 million shares for eligible persons, and private placements totalling 54 million shares for approved Bumiputera and select investors.

https://theedgemalaysia.com/node/744983

IPO: Eplas Global Bhd

nexona88 — Fri, 20 Sep 2024 16:00:11 +0800

Eplas Global Bhd, which sells houseware products, filed for an initial public offering (IPO) on the ACE Market to raise funds to set up manufacturing operations.

The proposed IPO involves a public issue of 90 million new shares and an offer for sale of 36 million existing shares at a price to be determined later, according to its draft prospectus. All in all, the listing would offer investors up to 28% in the Penang-based company.

“We intend to vertically integrate our business by setting up manufacturing operations at our Bukit Minyak warehouse,” Eplas said. The expansion into manufacturing would give the company control over the supply, reducing reliance on third-party manufacturers and suppliers, it noted.

Eplas currently markets, distributes, and retails products ranging from water bottles to kitchenware and bakeware, and from cleaning tools to baby products and gardening products. The company distributes its products to retailers, such as department stores and home improvement stores.

The company also sells directly to consumers through third-party e-commerce platforms, as well as its own online store. Last year, Eplas raked in a net profit of RM10.92 million, on revenue of RM46.78 million.

Under the IPO’s public issue, Eplas is allocating 22.5 million new shares to the Malaysian public and 4.5 million shares for eligible persons. The company is also setting aside 56.25 million shares for Bumiputera investors and 6.75 million new shares to select investors through private placement.

Proceeds raised from the public issue will also go towards funding working capital for the manufacturing operations, including for purchase of raw materials, staff costs, training and development cost, and operating expenses.

A portion of the proceeds have also been earmarked as repayment of bank borrowings, and to meet working capital requirements for current operations. The rest will be used to defray estimated listing expenses.

Meanwhile, any money raised from the offer-for-sale will accrue entirely to shareholder Tan Wee Hwang, who is letting go of his entire 10% stake in Eplas. Tan is not involved in the operations and not related to the promoters, substantial shareholders, directors and key senior management.

Chief executive officer Ooi Chen Hoon is currently the largest shareholder of Eplas with a 68.43% stake, while his younger brother and chief operating officer Ooi Cheng Loon has 10%.

Tan Sri Tan King Tai — chairman of several listed companies including SWS Capital Bhd , Muar Ban Lee Group Bhd and Focus Dynamics Group Bhd — is also a substantial shareholder of Eplas, with a 8.57% stake.

Malacca Securities is the IPO’s principal adviser, sponsor, underwriter and placement agent.

https://theedgemalaysia.com/node/727396

IPO: TMK Chemical Bhd

nexona88 — Tue, 30 Jul 2024 16:42:14 +0800

Company Name :

TMK Chemical Bhd (formerly known as Taiko Marketing Sdn Bhd) ("TMK Chemical")

Principal Activity :

TMK Chemical and its subsidiaries (collectively, the "Group"), the Group is principally involved in the provision of total chemical management comprising sourcing, processing and distribution of inorganic chemicals, value-added services such as quality control inspection, pre-sales and after-sales support services, as well as the provision of chemical terminal services which encompasses bulk storage services.

Shares to be issued/offered :

IPO of 220,000,000 ordinary shares in TMK Chemical ("IPO Shares") in conjunction with the listing of and quotation for the entire enlarged issued ordinary shares in TMK Chemical ("Shares") on the Main Market of Bursa Malaysia Securities Berhad comprising a public issue of 220,000,000 new Shares involving:

I : Institutional offering of 190,000,000 IPO Shares to institutional and selected investors at the institutional price to be determined by way of bookbuilding ("Institutional Price"); and

II : Retail offering of 30,000,000 PO Shares to the directors of TMK Chemical, eligible employees of the Group, persons who have contributed to the success of the Group and the Malaysian public at the retail price per IPO Share ("Retail Price"), payable in full upon application and subject to refund of the difference between the Retail Price and the Final Retail Price ( as defined in the prospectus) in the event that the Final Retail Price is less than the Retail Price;

subject to the clawback and reallocation provisions.

The Final Retail Price will be equal to the lower of:

A. The Retail Price; or
B. The Institutional Price.

IPO: 99 Speed Mart Retail Holdings Bhd

nexona88 — Tue, 12 Mar 2024 09:32:22 +0800

Malaysia's largest mini-market chain retailer 99 Speed Mart Retail Holdings filed a draft prospectus on Monday for a domestic initial public offering (IPO), according to Securities Commission Malaysia's website.

The company, founded and which first started out as a traditional sundry shop by entreprenuer Lee Thiam Wah in 1987, plans to offer up to a 17% stake, or as much as 1.43 billion shares, the draft prospectus showed.

About 85.3% of that will be sold to institutional and selected investors and the balance to retail investors, according to the preliminary prospectus.

The draft prospectus did not provide the IPO price, its size or timeline.

The company said proceeds will be used for expansion of new outlets in Malaysia, establishment of new distribution centres and the purchase of delivery trucks, among other things.

It will also use the proceeds for repayment of existing bank borrowings.

99 Speed Mart targets to open on average 250 new outlets annually with an immediate target for around 3,000 outlets operating nationwide by end of 2025.

It currently operates 2,542 outlets across Malaysia and 19 distribution centres.

CIMB Investment Bank is the principal adviser, sole bookrunner, sole managing underwriter and underwriter for the IPO

https://www.sc.com.my/resources/prospectus-...ings-or-company

AEON Bank Malaysia

nexona88 — Sat, 17 Feb 2024 12:35:17 +0800

About AEON Bank (M) Berhad

AEON Bank is one of the five digital banking license holders awarded by the Ministry of Finance and Bank Negara Malaysia that operates under joint ownership by AEON Financial Service, Ltd. (AFS) and AEON Credit Service (M) Berhad (AEON Credit), both subsidiaries of Japan's largest retail group, AEON Group which showcases a robust track record of growth. AEON Group Malaysia, part of AEON Group, has been a household brand for 40 years, providing consumers with daily financial and retail access.

We are Shariah-Compliant

AEON Bank (M) Berhad has taken the necessary steps to comply with the regulations and guidelines for setting up a licensed Islamic financial institution. The Bank is committed to provide products and services that are in line with Shariah requirements.

We have put together a dedicated Shariah team overseeing Shariah advisory, research and secretariat, alongside with Shariah control function teams that govern Shariah Risk Management, Shariah Review & Compliance and Shariah Audit. These teams will be overseeing the overall Shariah compliance and provide the check & balance including the review of all of our products and services. We implement these measures to ensure all aspects of the business, operations, branding, marketing, legal documentation, product structure and features are Shariah-compliant.

AEON Bank is also proud to have Shariah consultants with expertise in Usul Fiqh, fintech, and Islamic Finance. We strongly believe the commitment of our Shariah consultants will provide the Bank with valuable insights and guidance as we continue to grow our products and services to a global landscape.

IPO: Sik Cheong Bhd

nexona88 — Thu, 25 Jan 2024 15:15:55 +0800

Sik Cheong Bhd is offering up to 66 million new shares in an initial public offering (IPO), as it seeks to list on the ACE Market of Bursa Malaysia.

The group said the 66 million new shares comprise a public offering of 13.3 million shares via balloting, four million shares for eligible directors and employees of the group, while the remaining 48.7 million shares are for private placement to selected investors.

Meanwhile, Sik Cheong is also planning an offer-for-sale of 20 million existing shares by way of private placement to selected investors.

The group intends to utilise the IPO proceeds to finance its packaging facility expansion plan and as working capital.

Sik Cheong said it has more than 500 customers, mainly retailers, wholesalers, hotel, restaurant and catering operators, and food manufacturers, which enables it to continue securing new orders, while cross-selling other types of edible oil products such as high oleic soybean oil products, which it intends to distribute in the future.

Sik Cheong is principally involved in the repackaging, marketing and distribution of edible oil and other food products, and the distribution of lamp oil and other trading products.

TA Securities Holdings Bhd is the principal adviser, sponsor, underwriter and placement agent for the IPO.

https://theedgemalaysia.com/node/697154

BoostBank - By Axiata & RHB

nexona88 — Wed, 24 Jan 2024 16:03:47 +0800

WEBSITE:
https://myboostbank.co/

Ready to bank like you never have to?

We're currently in the Alpha Testing Phase, but let us know if you're keen! We'll reserve a spot for you to be among the first to experience Boost Bank at launch.

https://forms.office.com/pages/responsepage...lRER09NUTdYNC4u

IPO: HE GROUP BERHAD

ronnie — Tue, 16 Jan 2024 22:30:28 +0800

KUALA LUMPUR: HE Group Bhd plans to raise RM24.33 million for business operations and expansion through its upcoming initial public offering (IPO) en route to a listing on the ACE Market of Bursa Malaysia.

The electrical engineering services provider will be listed on Jan 30, 2024.

The group's IPO exercise comprises the issuance of 86.89 million new shares in HE Group, constituting 19.75 per cent of HE Group's enlarged share capital.

Out of the 86.89 million new shares, 22.00 million will be made available to the Malaysian public via balloting; and 11.00 million shares will be to eligible directors, employees and persons who have contributed to the success of the group. The remaining 53.89 million shares will go towards private placements to selected investors.

With an enlarged issued share capital of 440.00 million shares and an IPO price of RM0.28 per share, HE Group will have a market capitalisation of RM123.20 million upon listing.

Out of the total proceeds, RM15.13 million, constituting 62.19 per cent of the gross amount, is allocated to support HE Group's operational needs, aligning with the anticipated business expansion.

Another RM3.65 million or 15 per cent of the gross proceeds is designated for HE Group's growth initiatives, encompassing workforce expansion, enhancement of internal capabilities, and the establishment of two new offices in Kedah and Johor.

Additionally, the company is earmarking RM1.75 million or 7.19 per cent of the gross proceeds, for capital expenditure, with remaining funds intended to cover expenses associated with the listing process.

HE Group managing director Haw Chee Seng said that the company's IPO is geared towards actualising strategic expansion initiatives, solidifying their standing as a significant player in the industry.

"Our track record in serving critical and high-value industries such as semiconductors, medical devices, and electronic product industries demonstrates our strengths and capabilities."Leveraging on this, we are confident in expanding our industry coverage to include data centres, a sector experiencing increased investments due to favourable government policies and sharing the critical need for high-quality power supply," he added during the prospectus launch today.

Timetable for IPO
Opening of application: 12 Jan 2024
Closing of application: 18 Jan 2024
Balloting of application: 22 Jan 2024
Allotment of IPO shares to successful applicants: 29 Jan 2024
Tentative listing date: 30 Jan 2024

IPO: Wentel Engineering Holdings Bhd

nexona88 — Tue, 16 Jan 2024 15:56:02 +0800

ACE Market bound Wentel Engineering Holdings Bhd is targeting estimated proceeds of RM71.03mil from its initial public offering (IPO) to cater for the next phase of its business expansion.

The group said it will issue 273.2 million new shares at a price of 26 sen a share.

Of the total proceeds, it said 56.31% will be used to part finance the construction of its new manufacturing plant and 35.24% of the amount will go towards part financeing the purchase of new machinery and equipment, while the remaining proceeds will offset listing-related expenses.

Established in 2000, Wentel Engineering Group is principally involved in the fabrication of semifinished metal products, fabrication of metal parts and assembly of finished products for the manufacturers of several industries such as security screening equipment, computer numerical control (CNC) machines, semiconductor manufacturing equipment, medical diagnostics equipment, passenger coaches and industrial 3D printers.

Based on the group’s enlarged share capital of 1.15 billion shares and the aforesaid IPO price, the group's market capitalisation will be approximately RM299mil upon its listing on Feb 6, 2024.

"With the listing status and proceeds from the IPO, we are committed to ongoing growth, innovation and sustainable profitability.

"This IPO represents a new chapter in our journey, providing us with the platform to move forward with greater velocity and the opportunity to build long-term value for our stakeholders," said Wentel Engineering executive director Wong Chun Wei in a statement.

TA Securities Holdings Bhd is the principal adviser, sponsor, underwriter and placement agent of the listing exercise.

IPO: AGX Bhd

nexona88 — Tue, 16 Jan 2024 15:48:12 +0800

ACE Market-bound freight forwarding and aerospace logistics provider AGX Bhd has set its initial public offering (IPO) price at 35 sen per share, and remains confident of logistics service industry outlook in 2024 amid rising geopolitical tensions as it intends to adopt a cost-plus pricing strategy.

Its IPO price of 35 sen per share would translate to a market capitalisation of RM151.5 million upon the company's listing on Bursa Securities with an enlarged share capital of 432.87 million shares.

At its IPO price, the group is valued at about 11 times its price-earnings ratio based on a net profit of RM13.54 million for FY2022.

The group’s IPO comprises a public issuance of 96.5 million new shares and an offer for sale of 30 million existing shares. It expects to raise RM44.26 million, of which RM33.78 million will be from the issuance of new shares and RM10.5 million from the offer for sale shares. It is set to be listed on Feb 7.

Under the public issue portion, 21.65 million shares will be made available to the Malaysian public through balloting, of which 50% or 10.83 million shares will be set aside for Bumiputera investors. Some 6.32 million shares will be allocated to eligible directors and employees of the group.

The remaining 68.53 million shares will be made available for private placement to selected investors.

The majority of proceeds of RM16.44 million will be used for working capital and RM8.7 million for business expansion in Malaysia and South Korea by setting up new warehouses and offices in Penang and Johor Bahru, as well as a new office in Busan, South Korea. The remaining proceeds of RM4.14 million and RM4.5 million will be utilised for repayment of bank borrowings and listing expenses respectively.

At the prospectus launch on Tuesday, AGX Bhd explained its cost-plus pricing strategy.

“Our business is mainly cost-plus, so whenever the rates go up, we will still have our margin. Definitely, this Red Sea [crisis] will have an impact on the importers and exporters because the rates are definitely going up, and the shortage will be there, especially container turnaround time and shortage of containers. This will definitely happen, and also longer transit,” said AGX Group CEO Datuk Ponnudorai Periasamy.

In 2022, AGX generated RM234.43 million in revenue, of which 54% came from sea freight forwarding services (RM126.58 million), 27% from air freight forwarding services (RM63.65 million), and 13% from aerospace logistics (RM29.68 million).

The company has a physical presence in five countries with its customer portfolio comprising the likes of AirAsia, Batik Air, Malaysia Airlines and several other maintenance, repair and overhaul (MRO) companies in the Philippines.

AGX has adopted a dividend policy with a payout ratio of up to 30% of its profits attributable to owners of the company, subject to the approval by the board of directors of AGX Bhd at each of the financial year.

IPO: Ocean Fresh Berhad

nexona88 — Thu, 04 Jan 2024 16:00:38 +0800

Ocean Fresh Berhad ("Ocean Fresh") Principally involved in the processing and trading of frozen seafood products.

IPO in conjunction with the listing of Ocean Fresh Berhad ("Ocean Fresh") on the ACE Market comprising:

Public issue of 50,050,000 new ordinary shares in Ocean Fresh ("Shares") in the following manner:

10,510,000 new Shares made available for application by the Malaysian public;

1,710,000 new Shares made available for application by eligible directors, employees and persons who have contributed to Ocean Fresh's success; and

37,830,000 new Shares made available by way of private placement to selected investors.

IPO: Well Chip Group Berhad

nexona88 — Thu, 04 Jan 2024 15:57:12 +0800

Well Chip is an investment holding company and through its subsidiaries (collectively, the "Group"), the Group is principally involved in the provision of pawnbroking services and, retail and trading of jewellery and gold.

IPO of 150,000,000 new ordinary shares in Well Chip ("Shares") in conjunction with the listing of Well Chip on the Main Market of Bursa Malaysia comprising:

30,000,000 new Shares made available for application by the Malaysian public;

45,000,000 new Shares by way of private placement to institutional selected investors; and

75,000,000 new Shares by way of private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry.

IPO: Kawan Renergy Bhd

nexona88 — Mon, 14 Aug 2023 15:08:55 +0800

Engineering solutions provider Kawan Renergy Bhd, which is also an independent power producer involved in power generation and the sale of electricity, is seeking an initial public offering (IPO) on the ACE Market of Bursa Malaysia to raise funds for its investment in a new 2MW power plant, among others.

The local bourse's website, the proposed IPO will comprise 110 million new shares and 34.5 million existing shares to be put up for sale by way of private placement — of which 5.5 million will be offered to Bumiputera investors.

As for the new shares, 27.5 million will be made available for application by the Malaysian public, and 19.25 million for eligible directors and employees of the company, while the balance 63.25 million will be placed out to Bumiputera investors.

The company is expected to have an enlarged share capital of 550 million shares upon listing, from 440 million before that.

Besides power generation, Kawan Renergy — through its subsidiaries — is primarily involved in the design, fabrication, installation and/or commissioning of industrial process equipment (such as heat exchangers, pressure vessels, boilers and heaters), process plants (focusing on food processing, oleochemical and chemical processing, and waste recovery), as well as renewable energy and co-generation plants.

The group made a profit after tax of RM14.23 million for the financial year ended Oct 31, 2022 (FY2022), more than double the RM6.88 million it made in FY2021 — and over three times the RM4.43 million netted in FY2020 — as the group's revenue jumped to RM139.18 million in FY2022, from RM64.04 million in FY2021, and RM48.82 million in FY2020.

Its main revenue contributor was "design, fabrication, installation and/or commissioning solutions", which made up the entire revenue for Kawan Renergy from FY2020 to FY2022.

https://theedgemalaysia.com/node/677490

IPO: Zantat Holdings Berhad

nexona88 — Tue, 13 Jun 2023 16:45:29 +0800

Principally involved the production of calcium carbonate namely ground calcium carbonate and calcium carbonate dispersions.

IPO in conjunction with the listing of Zantat Holdings Berhad ("Zantat Holdings") on the ACE Market comprising:

I. Public issue of 56,000,000 new ordinary shares in Zantat Holdings ("Shares") in the following manner:

14,000,000 new Shares made available for application by the Malaysian public;

11,200,000 new Shares made available for application by eligible directors, employees and persons who have contributed to the success of Zantat Holdings and its subsidiaries; and

30,800,000 new Shares made available by way of private placement to selected investor

and

II. Offer for sale of 16,800,000 existing shares in Zantat Holdings made available by way of private placement to selected investors.

https://www.bursamalaysia.com/regulation/pr...holdings-berhad

IPO: Jati Tinggi Group Berhad

nexona88 — Tue, 13 Jun 2023 16:36:36 +0800

Jati Tinggi Group is principally involved in the provision of infrastructure utilities engineering solutions

(I) Public Issue of 66,800,000 new ordinary shares in Jati Tinggi ("Shares") in the following manner:

19,600,000 Shares will be offered to the Malaysian Public by way of balloting, of which at least 50% will be set aside for Bumiputera public investors;

10,000,000 Shares will be made available for application by the Eligible Directors and employees of the Group and other persons who have contributed to the success of the Group; and

37,200,000 Shares will be made available for private placement to selected investors, of which:

(a) 14,000,000 Shares will be reserved for selected Bumiputera investors approved by Ministry of International Trade and Industry ("MITI"); and

(b) 23,200,000 Shares will be reserved for selected investors.

(II) Offer for Sale of 35,000,000 existing Shares by way of private placement to selected Bumiputera investors approved by MITI.

https://www.bursamalaysia.com/regulation/pr...gi-group-berhad

Synergy House Bhd (0279)

nexona88 — Fri, 21 Apr 2023 18:23:26 +0800

Synergy House Bhd has inked an underwriting agreement with Kenanga Investment Bank Bhd (Kenanga IB) for the group’s upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd.

Synergy House’s IPO exercise will comprise a total of 130.0 million shares, including a public issue of 80.0 million new shares representing 16.0% of the enlarged issued share capital.

The IPO shares from the public issue will be allocated in the following manner:

25.0 million shares representing 5.0% of the enlarged issued share capital to be allocated via balloting to the Malaysian public;

12.5 million shares representing 2.5% of the enlarged issued share capital to be allocated to eligible directors, employees and persons who have contributed to the group (eligible persons);

30.0 million shares representing 6.0% of the enlarged issued shares to be allocated to selected investors by way of private placement; and

12.5 million shares representing 2.5% of the enlarged issued shares capital to be allocated to Bumiputera investors approved by the Ministry of International Trade and Industry (Miti).

The IPO exercise also includes an offer for sale of 50.0 million existing shares representing 10.0% of the enlarged issued share capital, which will be made available by way of private placement to Bumiputera investors approved by Miti.

https://www.theedgemarkets.com/node/663596