The issue of 611.8m new shares to the public at this price would potentially raise MYR1.7bn. According to its prospectus, the initial public offering (IPO) comprises up to 843.18m shares made up of up to 231.38m existing shares and a public issue of 611.8m new shares.
The institutional component for institutional and bumiputra investors will comprise up to 648.6m shares and the price will be determined by a bookbuilding exercise.
The retail offering of 194.58m shares for eligible directors and staff and the Malaysian public will be sold at the retail price of MYR2.80 per share. The tentative listing date is 1 November.
