Apr 26 2024, 12:10 PM, updated 2y ago
We not only manufacture automotive covers for new automotive vehicles where we serve the OEM market, but also restyle, replace and repair existing automotive covers for the PDI and REM markets. Meanwhile, our automotive seats are generally manufactured for new automotive vehicles for the OEM market.
Today, we are one of the leading automotive cover manufacturers in Malaysia and our automotive covers and seats are used in national and international automotive vehicle brands.
Feytech Holdings Bhd is offering up 252.94 million shares in an initial public offering (IPO), as it seeks to list on the Main Market of Bursa Malaysia, according to its prospectus exposure published on the Securities Commission Malaysia’s website on Monday.
The 252.94 million shares comprise a public offering of 143.32 million shares and a special offering of up to 109.62 million shares.
The public offering will involve the public issuance of 42.16 million shares to the Malaysian public, followed by 25.39 million shares for applications by eligible directors and employees of Feytech and its subsidiaries, and 75.87 million shares by way of private placement to selected investors.
Meanwhile, the special offering will entail the placing of 105.40 million shares by way of private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry, and 4.22 million shares by way of private placement to selected investors.
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