Northeast Targets RM84 Million From Ace Market IPO
Northeast Targets RM84 Million From Ace Market IPO
Affin Hwang Investment Bank Berhad is the principal adviser, sponsor, sole placement agent and sole underwriter for this IPO exercise.Northeast Group Berhad launched the prospectus for its initial public offering in conjunction with its upcoming listing on the ACE Market of Bursa Malaysia Securities Berhad which is slated for 15 October 2024.
东北集团Berhad推出招股说明书，与即将在马来西亚交易所ACE市场上市的计划相结合，拟定于2024年10月15日上市。
Pursuant to the IPO exercise, Northeast is expected to raise approximately RM84.49 million through the public issue of 168,989,000 new shares at an IPO price of RM0.50 per share. Out of the total proceeds raised, the Group has earmarked 47.34% of the proceeds for the construction of a new factory, while 23.67% will be used towards the repayment of bank borrowings. A further 14.65% will be used towards the purchase of new computer numerical control (CNC) machines, followed by 6.53% being allocated towards working capital. The remaining balance will be channelled towards listing related expenses.
根据IPO计划，东北集团预计通过公开发行1亿6898.9万股新股，每股IPO价格为0.50令吉，预计筹集约8449万令吉。在筹集的总收入中，集团已将47.34%的收入拨款用于新工厂的施工，23.67%用于偿还银行借款。另有14.65%用于购买新的计算机数控（CNC）机器，其次是6.53%用于 营运资本余款将用于上市相关的费用。
The application of public issue shares by Malaysian public will start today and close at 5.00 p.m. on Thursday, 3 October 2024.
马来西亚公众申请公开发行股份的申请将从今天开始，截止时间为2024年10月3日星期四下午5点。
Affin Hwang Investment Bank Berhad is the principal adviser, sponsor, sole placement agent and sole underwriter for this IPO exercise.
Affin Hwang银行Berhad是此次IPO计划的主要顾问、赞助商、唯一的配售代理商和承销商。