KUALA LUMPUR: Labels maker Ideal Jacobs (M) Corp Bhd plans to issue 30 million new shares under its listing exercise of which two million will be offered to public and 28 million to be placed out.
The company said on Friday, March 4 it had recently signed an underwriting agreement for the initial public offering on the ACE Market of Bursa Malaysia Securities Bhd.
MIDF Amanah Investment Bank Bhd is the adviser, sponsor, sole underwriter and sole placement agent for Ideal Jacob's IPO involving RM12 million comprising 120.001 million shares of 10 sen each
Ideal Jacobs chairman and founder Andrew Jacobs said the IPO would provide it the access to the capital market to fund its development and expansion plans.
Ideal Jacobs was incorporated in Malaysia by a US-based holding company with local Malaysian shareholders. Ideal Jacobs' subsidiaries are Ideal Jacobs (Xiamen) Corporation and Ideal Jacobs Corporation (Thailand) Ltd.
The group manufactures industrial labels and nameplates, as well as laser/die-cut products. Their secondary business is in the fabrication of plastic parts.
The company said on Friday, March 4 it had recently signed an underwriting agreement for the initial public offering on the ACE Market of Bursa Malaysia Securities Bhd.
MIDF Amanah Investment Bank Bhd is the adviser, sponsor, sole underwriter and sole placement agent for Ideal Jacob's IPO involving RM12 million comprising 120.001 million shares of 10 sen each
Ideal Jacobs chairman and founder Andrew Jacobs said the IPO would provide it the access to the capital market to fund its development and expansion plans.
Ideal Jacobs was incorporated in Malaysia by a US-based holding company with local Malaysian shareholders. Ideal Jacobs' subsidiaries are Ideal Jacobs (Xiamen) Corporation and Ideal Jacobs Corporation (Thailand) Ltd.
The group manufactures industrial labels and nameplates, as well as laser/die-cut products. Their secondary business is in the fabrication of plastic parts.
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