Published: Monday July 7, 2014 MYT 9:47:00 AM
Updated: Monday July 7, 2014 MYT 9:49:20 AM
Sasbadi Holdings to raise RM68m from IPO
KUALA LUMPUR: Sasbadi Holdings Bhd, which is seeking to list on the Main Market of Bursa Malaysia Securities, plans to raise a total of RM68mil.
According to its prospectus issued on Monday, the company was issuing the offer shares of 50 sen each at RM1.19 a share.
The IPO includes 21.20 million new shares of which 6.35 million shares would be offered to the public, 5.70 million new shares for eligible directors, staff and persons who contributed to the group's success and 9.15 million shares would be placed out.
Sasbadi was offering for sale up to 35.95 million existing shares of which 12.70 million would be placed out to approved Bumiputera investors and 23.25 million shares would be placed out.