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.
Sorento Capital Berhad在马来西亚交易所ACE市场上市之前，其首次公开募股超额认购了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'.
该集团主要从事卫浴和厨房卫生洁具的营销、分销和销售，其中包括旗舰品牌“Sorento”、以及“Mocha”、“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.
Sorento Capital的首次公开募股包括以每股0.37令吉的发行价进行的15500万股新普通股的公开发售。这代表了扩大后的股本的18.0%，预计将筹集到5740万令吉。
"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.
“该集团计划利用筹集到的3140万令吉（54.7%）用于购买存货的营运资金，600万令吉（10.5%）将用于支持品牌推广和促销营销工作，另外600万令吉（10.5%）将用于扩展经销商网络和增强分销渠道。”
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."
另外，900万令吉（15.6%）将用于偿还银行借款，其余500万令吉（8.7%）将用于偿还上市费用。
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.
Sorento Capital计划于2024年10月28日星期一在马来西亚交易所ACE市场上市。根据每股0.37令吉的发行价和扩大后的86000万股股本，Sorento Capital的市值预计约为31820万令吉。
Alliance Islamic Bank Berhad is the Principal Adviser, Sponsor, Underwriter and Placement Agent for the IPO exercise.
Alliance Islamic Bank Berhad是该首次公开募股项目的主要顾问、保荐人、包销商和配售代理。
