ANEKA Jaringan Holdings Bhd aims to raise RM46.16 mil from its ACE Market listing on Oct 20, 2020.
In its prospectus launch today, the piling and foundation specialist said with the initial public offering (IPO) price of 33 sen per share, the company will list with a market capitalisation of RM177.57 mil.
Aneka Jaringan said of the RM46.16 mil total proceeds, RM17.30 mil will be utilised to purchase rotary drilling rigs and crawler crane, RM24.26 mil for repayment of borrowings and RM4.60 mil to defray IPO expenses.
On Mar 10, 2020, The Sun reported that Aneka Jaringan had plans for an IPO on the ACE Market with a public issue of 139.89 million new shares.
From that total, 26.91 million of the new shares will be open for application by the public while 13.45 million new shares are for eligible directors and employees.
Apart from that, 45.72 million new shares are allocated for private placement to selected investors and 53.81 million shares will be by private placement to selected bumiputra investors, according to its prospectus exposure with the Securities Commission Malaysia. – Oct 1, 2020
