Leong Hup International Ipo
Kuala lumpur april 25.
Leong hup international ipo. Ipo price rm 0 85. Leong hup international berhad reg no. Leong hup international bhd en route for a main market relisting on may 16 announced today it is aiming to raise funds of up to rm275 million from its initial public offering ipo to support its domestic and regional expansion moving forward the integrated poultry producer launched its prospectus today for the ipo exercise which entails the issuance of up to 937 5.
126 jalan klang lama 58000 kuala lumpur wilayah persekutuan malaysia. Henry8833 leong hup last time shares also not performing well and lau family privatized at about less than 10 times pe. Maybank investment bank is the principal adviser on the leong hup international ipo.
Initial public offering ipo of up to 937 500 000 ordinary shares in leong hup international berhad lhi lhi shares ipo shares in conjunction with the listing of and quotation for the entire 3 650 000 000 lhi shares on the main market of bursa malaysia securities berhad comprising an offer for sale of up to 687 500 000 existing lhi shares offer shares and a public issue of. Leong hup international bhd which is making a return to bursa malaysia after a seven year hiatus aims to raise total gross proceeds of rm275 million via its initial public offering ipo. 126 jalan klang lama 58000 kuala lumpur wilayah persekutuan malaysia.
It is understood that maybank ib along with rhb investment bank and credit suisse are the joint global coordinators of the offering. Spider68 reminds me of multi sports holdings sdn. Leong hup international s ipo will involve the issuance of up to 1 6 billion shares representing 40 of its enlarged issued and paid up capital to raise proceeds mainly for the repayment of bank borrowings capital expenditure and working capital of the 1 6 billion shares up to 1 495 billion shares or approximately 37 38 of its enlarged issued and paid up share capital will be.
Initial public offering ipo of up to 937 500 000 ordinary shares in leong hup international berhad lhi lhi shares ipo shares in conjunction with the listing of and quotation for the entire 3 650 000 000 lhi shares on the main market of bursa malaysia securities berhad comprising an offer for sale of up to. Ipo where it enabled a pre ipo investor hong leong group of companies to cash out by dumping shares below ipo price. Institutional investors hungry for a large initial public offering ipo after a drought in 2018 are flocking to leong hup international bhd as the company launched one of the most exciting new.
The last big ipo in malaysia was that of lotte chemical titan holding bhd which raised about rm3 77 billion in july last year.
