KUALA LUMPUR: Eversendai Corp Bhd plans to raise RM273.19 million from its proposed listing on the Main Board of Bursa Malaysia Securities Bhd.
It said in its prospectus on Wednesday, June 15 that this is based on the assumed institutional price and final retail price of RM1.70 per share.
Of the proceeds, RM126 million would be for capital expenditure, RM80 million for business expansions, RM58.39 million for working capital and the remaining RM8.80 million for listing expenses.
The IPO involves the offering of 232.18 million shares of 50 sen each and the final retail price will be equal to the lower of the retail price and 95% of the institutional price.
Of the 232.19 million shares, there will be an offer for sale of 160.70 million new shares to institutions under a book building exercise.
There will also be an offer for sale of 71.49 million existing shares of which 41.34 million will be allocated to institutions and 30.15 million units to the public (of which 10.15 million shares will be for eligible directors and employees and 20 million for the public).
It said in its prospectus on Wednesday, June 15 that this is based on the assumed institutional price and final retail price of RM1.70 per share.
Of the proceeds, RM126 million would be for capital expenditure, RM80 million for business expansions, RM58.39 million for working capital and the remaining RM8.80 million for listing expenses.
The IPO involves the offering of 232.18 million shares of 50 sen each and the final retail price will be equal to the lower of the retail price and 95% of the institutional price.
Of the 232.19 million shares, there will be an offer for sale of 160.70 million new shares to institutions under a book building exercise.
There will also be an offer for sale of 71.49 million existing shares of which 41.34 million will be allocated to institutions and 30.15 million units to the public (of which 10.15 million shares will be for eligible directors and employees and 20 million for the public).
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