Apr 21 2023, 06:23 PM, updated 3y ago
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
This post has been edited by nexona88: Jul 10 2023, 04:03 PM
Synergy House Bhd (0279), ACE Market
Quote
0.0237sec
0.37
6 queries
GZIP Disabled