ACE Market Bound Sorento Capital IPO Oversubscribed By 39 Times
ACE Market Bound Sorento Capital IPO Oversubscribed By 39 Times
"The group aims to use RM31.4 million (54.7%) of the proceeds for working capital for the purchase of inventories and RM6.0 million (10.5%) will be used to support branding and promotional marketing efforts, whereas another RM6.0 million (10.5%) to be channelled towards the expansion of dealer network and enhancement of distribution reach. Sorento Capital Berhad saw its IPO oversubscribed by 39.34 times ahead of its listing on the ACE Market of Bursa Malaysia Securities Berhad.
索蘭託資本有限公司在馬來西亞證券交易所的ACE市場上市之前，其首次公開募股被超額認購了39.34倍。
The group is principally involved in the marketing, distribution, and sale of bathroom and kitchen sanitary wares which includes house brands such as the flagship 'Sorento', along with 'Mocha', 'Cabana' and 'i-Born'.
該集團主要參與衛浴和廚房衛生用品的營銷、分銷和銷售，其中包括旗艦 「索蘭託」 等自有品牌，以及 「摩卡」、「Cabana」 和 「i-Born」。
Sorento Capital's IPO comprises a public issue of 155.0 million new ordinary shares at an issue price of RM0.37 per share. This represents 18.0% of the enlarged share capital, with RM57.4 million expected to be raised.
索蘭託資本的首次公開募股包括公開發行15500萬股新普通股，發行價格爲每股0.37令吉。這佔擴大後的股本的18.0％，預計將籌集5740萬令吉。
"The group aims to use RM31.4 million (54.7%) of the proceeds for working capital for the purchase of inventories and RM6.0 million (10.5%) will be used to support branding and promotional marketing efforts, whereas another RM6.0 million (10.5%) to be channelled towards the expansion of dealer network and enhancement of distribution reach.
“該集團的目標是將營運資金的3140萬令吉（54.7％）用於購買庫存，600萬令吉（10.5％）將用於支持品牌和促銷營銷工作，而另外600萬令吉（10.5％）將用於擴大經銷商網絡和擴大分銷範圍。
Another RM9.0 million (15.6%) it said will be used for repayment of bank borrowings and the remaining RM5.0 million (8.7%) will be used to repay our listing expenses."
它表示，另外900萬令吉（15.6％）將用於償還銀行借款，剩餘的500萬令吉（8.7％）將用於償還我們的上市費用。”
Sorento Capital is scheduled to be listed on the ACE Market of Bursa Securities on Monday, 28 October 2024. Upon listing, Sorento Capital will have a market capitalisation of approximately RM318.2 million based on the issue price of RM0.37 per share and the enlarged share capital of 860.0 million shares.
索蘭託資本計劃於2024年10月28日星期一在布爾薩證券的ACE市場上市。上市後，根據每股0.37令吉的發行價格和擴大的86000萬股股本，索蘭託資本的市值將約爲31820萬令吉。
Alliance Islamic Bank Berhad is the Principal Adviser, Sponsor, Underwriter and Placement Agent for the IPO exercise.
聯盟伊斯蘭銀行有限公司是首次公開募股活動的首席顧問、保薦人、承銷商和配售代理人。
