Nazara Technologies (Rakesh Jhunjhunwala) - Upcoming IPO - Share Price - Fundamental - Valuation
By Gho Chee Yuan
KUALA LUMPUR (Sep 14) -- Radiant Globaltech, a Malaysia-based retail technology software solution provider, has filed a draft prospectus for its initial public offering as it seeks to list its shares on the ACE Market of Bursa Malaysia.
The proposed initial public offering involves the public issue of 128.08 million new shares, of which 11 million shares is for public subscription, according to the company's draft prospectus filed to the Securities Commission.
A total of 21 million shares will be for eligible directors and employees, while 95.98 million shares will be privately placed to selected investors, it said.
The company will also sell 12 million existing shares to selected investors to be identified.
Proceeds raised from the IPO will be used to expand its business, repay bank borrowings as well as for working capital, the company said.
Alliance Investment Bank was appointed as the principal adviser, sponsor, sole underwriter and placement agent for the IPO, the company added.
- By Gho Chee Yuan; [email protected]; 60320267363
- Edited by Lopamudra Bhattacharya
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- Copyright (c) 2017 Nikkei NewsRise Asia Pte Ltd.
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