Cropmate Eyes RM42 Million From ACE Market IPO
Cropmate Eyes RM42 Million From ACE Market IPO
Cropmate Berhad a specialty fertiliser manufacturer announced the launch of its prospectus for the upcoming initial public offering on the ACE Market of Bursa Malaysia Securities Berhad with the aim of raising RM42 million through the issuance of 210.0 million new shares at a retail price of RM0.20 per share.
特种化肥制造商Cropmate Berhad宣布发布了即将在马来西亚证券交易所ACE市场进行的首次公开募股的招股说明书，目标是通过以每股0.20令吉的零售价发行21000万新股筹集4200万令吉。
The proceed of RM17.1 million will be used for working capital to support Cropmate's growing operation while RM16.7 million to part finance the purchase considerations of new factories and RM3.2 million for capital expenditure.
1710万令吉的收益将用于 营运资金 支持Cropmate不断增长的业务，同时为新工厂的购买提供部分资金和320万令吉的资本支出。
Managing Director of Cropmate, Mr. Lee Chin Yok, stated, "This is a defining moment for Cropmate with the launch of our prospectus. As the first-ever pure-play fertiliser company to be listed on Bursa Malaysia, this IPO represents our commitment to enhancing agricultural productivity and sustainability in Malaysia. With the proceeds, we aim to expand our R&D capabilities and continue to innovate in the fertiliser industry. We are excited about the opportunities this IPO opens for Cropmate as we strengthen our presence in the Malaysian agricultural sector."
Cropmate董事总经理李振育先生表示：“随着招股说明书的发布，这是Cropmate的决定性时刻。作为有史以来第一家在马来西亚交易所上市的纯化肥公司，此次首次公开募股代表了我们对提高马来西亚农业生产力和可持续发展的承诺。我们的目标是利用所得款项扩大研发能力，继续在化肥行业进行创新。随着我们加强在马来西亚农业领域的影响力，我们对这次首次公开募股为Cropmate带来的机会感到兴奋。”
