Vanzo IPO Oversubscribed By 66.71 Times
Vanzo IPO Oversubscribed By 66.71 Times
The company said the proceeds from the sale of new shares will also go towards partial repayment of bank borrowings and working capital to buy additional inventories for the planned expansion. The rest will be used to defray listing expenses.
Vanzo Holdings Bhd's IPO for the ACE Market has recorded an oversubscription rate of 66.71 times for the 23.34 million shares allocated to the Malaysian public.
Vanzo Holdings Bhd的ACE市场首次公开募股已录得66.71倍的超额认购率，向马来西亚公众分配的2334万股。
The company, which markets car fragrance and indoor fragrance products, said it received a total of 16,713 applications for 1.58 billion shares with a value of RM237 million from the Malaysian public.
该公司专注于汽车香氛和室内香氛产品，表示它收到了来自马来西亚公众的总计16,713份申请，申请15.8亿股，价值为RM23700万。
The company said its total IPO involves the issuance of 93.35 million shares where 23.37 million shares were made available for eligible directors, employees and persons who have contributed to the group's success.
该公司表示，其首次公开募股总共涉及发行9335万股，其中2337万股为合格的董事、员工及对集团成功作出贡献的人士提供。
The company said the proceeds from the sale of new shares will also go towards partial repayment of bank borrowings and working capital to buy additional inventories for the planned expansion. The rest will be used to defray listing expenses.
该公司表示，新股销售所得款项也将用于部分偿还银行借款和运营资金，以购买额外库存以支持计划中的扩展。其余款项将用于支付上市费用。
M&A Securities Sdn Bhd is the principal advisor, sponsor, underwriter and placement agent for this IPO. Eco Asia Capital Advisory Sdn Bhd is the financial advisor.
M&A证券有限公司是本次首次公开募股的主要顾问、赞助商、承销商和配售代理。Eco Asia Capital Advisory有限公司是财务顾问。
