KUALA LUMPUR: Automotive parts and components manufacturer KHPT Holdings Bhd aims to raise RM21.73mil from its initial public offering (IPO) as the group targets to list on the ACE Market of Bursa Malaysia on Oct 8, 2024.
The IPO involved the issuance of 108.64 million new shares at a price of 20 sen per share. Upon listing, KHPT is expected to have a market capitalisation of RM80.48mil.
Under the public issuance, 20.12 million new shares are allocated to the public, 10.06 million shares for eligible directors and employees of the group, while the remaining 78.47 million shares will be made available to approved selected investors through a private placement.
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