Following the issuance of its new shares, Leong Guan’s post-placement share capital will increase to 101.2 million shares valued at $4.45 million. The market capitalisation will be $23.28 million.
Foodstuffs maker Leong Guan Holdings is seeking to raise around $4.7 million via its initial public offering (IPO) placement of 20.65 million shares at 23 cents apiece.
The placement, which comprises 16.3 million new shares and 4.35 million of vendor shares, will be made available to retail and institutional investors. Investors may apply to and subscribe for any number of shares in multiples of 1,000.
