Home » Sunview Group aims to raise RM34.22mil from IPO

Sunview Group aims to raise RM34.22mil from IPO

by WorldFinance
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Sunview Group Bhd, which is en route to a listing on the ACE Market of Bursa Malaysia on Oct 17, is seeking to raise RM34.22mil from its initial public offering (IPO).

The renewable energy (RE) company said the IPO involved the issuance of 118.00 new shares at an IPO price of 29 per share.

 

Sunview said RM20.10mil or 58.72% of the proceeds raised would be used to fund the group’s working capital requirements.

unview Group Bhd, which is en route to a listing on the ACE Market of Bursa Malaysia on Oct 17, is seeking to raise RM34.22mil from its initial public offering (IPO).

The renewable energy (RE) company said the IPO involved the issuance of 118.00 new shares at an IPO price of 29 per share.

Sunview said RM20.10mil or 58.72% of the proceeds raised would be used to fund the group’s working capital requirements.

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