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.
特種化肥製造商Cropmate Berhad宣佈發佈了即將在馬來西亞證券交易所ACE市場進行的首次公開募股的招股說明書，目標是通過以每股0.20令吉的零售價發行21000萬新股籌集4200萬令吉。
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.
1710萬令吉的收益將用於 營運資金 支持Cropmate不斷增長的業務，同時爲新工廠的購買提供部分資金和320萬令吉的資本支出。
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董事總經理李振育先生表示：「隨着招股說明書的發佈，這是Cropmate的決定性時刻。作爲有史以來第一家在馬來西亞交易所上市的純化肥公司，此次首次公開募股代表了我們對提高馬來西亞農業生產力和可持續發展的承諾。我們的目標是利用所得款項擴大研發能力，繼續在化肥行業進行創新。隨着我們加強在馬來西亞農業領域的影響力，我們對這次首次公開募股爲Cropmate帶來的機會感到興奮。」
