BWYS Group Berhad is preparing for an initial public offering (IPO) on the Malaysian stock market.
Here are some key points about this upcoming listing:
- Fundraising target: The IPO aims to raise approximately RM78.39 million.
- Share structure:Issuance of 256.3 million new sharesOffer for sale of 100 million existing shares by current shareholders
- Proceeds allocation:RM22.84 million (40.4%): Construction of a new factory in PenangRM10.83 million (19.2%): New enterprise resource planning system and productionRM7.72 million (13.7%): New machinery and equipmentRM5.5 million (9.8%): Working capitalRM4 million (7.1%): Repayment of bank borrowingsRM5.5 million (9.8%): Listing exercise expenses
- Shareholder offer: About 28.06% (RM22 million) will be raised through an offer for sale by existing shareholders.
This IPO represents a significant move for BWYS Group Berhad, potentially allowing them to expand operations, improve technology infrastructure, and strengthen their financial position. The allocation of funds suggests a focus on growth and operational efficiency.
Open a Direct CDS account with us today and participate in the IPO with ease.
To sign up for a 15-Digit Direct CDS Account Number to apply IPO,
1. Download M+ Global app
2. Sign up online
3. Choose the Malaysia Market
4. Enter my Invitation Code, which is UBZQ
5. Pay RM11 to register a Bursa Direct CDS number.
6. Wait for the email confirmation
7. Follow the steps here https://www.dexterchia.com/blog/initial-public-offering-ipos-in-malaysia-how-do-you-apply
