Asia
Enest Group Eyes to Raise MYR15 Million Via Malaysia IPO
Enest Group (KLSE:ENEST) seeks to raise 15.1 million ringgit via an initial public offering on the ACE Market of Bursa Malaysia, according to its Thursday prospectus.The IPO comprises a public issue of 116.3 million new shares at an issue price of 0.13 ringgit per share, as well as an offer for sale of 15 million existing shares by way of private placement to selected investors.Aside from listing expenses, the proceeds will be used for debt payment and for working capital requirements.
KLSE:ENEST
