SBS Nexus (KLSE:SBS) is eyeing to raise about 30.6 million ringgit from the public issue portion of its initial public offering on the ACE Market of Bursa Malaysia, according to a Tuesday Malaysian bourse filing.
The IPO entails a public issue of 122.5 million shares at a tentative price of 0.25 ringgit each, as well as an offer for sale of 49 million shares.
Proceeds will be used for business expansion, to boost working capital, and to pay off expenses, the integrated marketing and branding services provider said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments