Asia
Stratus Global to Raise MYR285 Million Via IPO
Stratus Global (KLSE:STRATUS) seeks to raise 285 million ringgit via an initial public offering on the Main Market of Bursa Malaysia, according to its Thursday prospectus.The IPO comprises a public issue of 356.3 million new shares at an issue price of 0.80 ringgit per share, the automation company said.Aside from listing expenses, the proceeds will be used for expansion, for debt payment and for working capital requirements.
KLSE:STRATUS
