2 stories mentioning KLSE:ELSAUpdated 1d ago
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Elsa (KLSE:ELSA) shares rose about 20% on its ACE Market debut on Wednesday.The IPO comprised a public issue of 118.4 million new shares at 0.23 ringgit apiece, and an offer for sale of 36.4 million existing shares.Proceeds will be used to expand its oilfield services, digital solutions, and robotics capabilities.
Elsa (KLSE:ELSA) is seeking to raise 27.3 million ringgit via an IPO on the ACE Market of Bursa Malaysia.The oilfield services company's IPO entails a public issue of 118.4 million new shares at 0.23 ringgit each, as well as an offer for sale of 36.4 million shares, according to a Wednesday Malaysian bourse filing.Proceeds will be used for expansion, to boost working capital, and to pay off expenses, it said.
