Initial public offering in conjunction with the listing on the main market of bursa malaysia securities berhad comprising:
(i) Public issue of 59,310,000 new ordinary shares (approximately 19.13% of enlarged issued and paid-up share capital) of RM0.50 each (“shares”) in the following manner:
• 15,500,000 new shares available for application by the public;
• 10,000,000 new shares available for application by our eligible directors, employees and persons who have contributed to the success of our group;
• 33,810,000 new shares by way of placement to selected investors;
and
(ii) Offer for sale of up to 31,000,000 existing shares (~10%) by way of placement to bumiputera investors approved by the ministry of international trade and industry, at an issue/offer price of RM0.60 per share, payable in full upon application.
