新2代理网址:ACE Market-bound NationGate IPO oversubscribed 16.49 times
Part of the proceeds of the IPO will enable NationGate to purchase various raw materials, consumables and electronic components consumed for the company’s EMS activities新2代理网址（www.hg8080.vip）实时更新发布最新最快最有效的新2网址和新2最新网址,包括新2手机网址,新2备用网址,皇冠最新网址,新2足球网址,新2网址大全。
KUALA LUMPUR: The public portion of electronics manufacturing services provider NationGate Holdings Bhd's initial public offering (IPO) has been oversubscribed 16.49 times.
The ACE Market-bound company said there was a total of 20,444 applications for 1.81 billion new shares valued at RM689.16mil received from the Malaysian public.
The Bumiputera public portion of shares was oversubscribed 9.1 times with a total of 9,431 applications for 523.5 million new shares received.
For the remaining public portion, a total of 11,013 applications for 1.29 billion new shares were received, which represents an oversubscription rate of 23.88 times.
Meanwhile, the 103.70 million new shares for its eligible directors, employees and persons who have contributed to the success of NationGate Group were also fully subscribed.,
,电报群组（www.tg888.vip）是一个Telegram群组分享平台，飞机群组内容包括telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组（其他）、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容，为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
In addition, its placement agent confirmed that 518.48 million shares made available for application by way of private placement to selected Bumiputera investors approved by the Ministry of International Trade and Industry (Miti) and selected investors have been fully placed out.
Under the listing exercise, NationGate is expected to raise RM165.5mil from its public issue of 435.53 million shares at an issue price of RM0.38 per share.
The listing also includes an offer for sale of 290.35 million existing shares to selected Bumiputera investors approved by the Miti and selected investors.Based on the enlarged share capital of 2.07 billion shares, the total market capitalisation of NationGate would be RM788.09mil on its debut on January 12,2023, making it the largest listing on the ACE Market of Bursa Malaysia.
NationGate managing director Ooi Eng leong said part of the proceeds will enable NationGate to purchase various raw materials, consumables and electronic components consumed for the company’s EMS activities in tandem with the expected growth in its EMS business activities.“It will also enable NationGate to part finance the acquisition of new machineries and equipment to expand its EMS service offerings and surface mount technology (SMT) assembly capacity to cope with the rising demand from its existing multinational customers and new customers in the next 36 months,” he added.
M&A Securities Sdn Bhd is the adviser, sponsor, underwriter and placement agent for the IPO.