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在ACE市場的首次公開募股中，分配給馬來西亞公衆的2334萬股股票的超額認購率爲66.71倍。
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.
該公司銷售汽車香水和室內香氛產品，該公司表示，共收到來自馬來西亞公衆的16,713份15.8股票的申請，價值23700萬令吉。
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.
該公司表示，其首次公開募股總額涉及發行9335萬股股票，其中有2337萬股股票可供符合條件的董事、員工和爲集團成功做出貢獻的個人發行。
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.
該公司表示，出售新股的收益還將用於部分償還銀行借款和營運資金，用於爲計劃擴張購買額外庫存。其餘部分將用於支付上市費用。
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 Securities Sdn Bhd是本次首次公開募股的首席顧問、發起人、承銷商和配售代理。Eco Asia Capital Advisory Sdn Bhd是財務顧問。
