ACE Market-bound Supreme Consolidated aims to raise RM17.5mil from IPO

Quick Summary:

KUALA LUMPUR: Supreme Consolidated Resources Bhd (SCRB) which is transferring its listing from the LEAP Market to the ACE Market of Bursa Malaysia, aims to raise RM17.5 million through the initial public offering (IPO).

Kenanga Investment Bank Bhd serves as the IPO’s principal adviser, sponsor, underwriter and placement agent.

The IPO will involve the issuance of 70 million new shares, representing 16.3 per cent of the company’s enlarged issued share capital.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: IPO ACE Market Richard Wee Liang Chiat Supreme Consolidated Resources SCRB Markets /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-28 @ 14:29:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 420 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © The Star

News ID: 23279844

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