Red Sena, M'sia's first F&B SPAC to raise RM400m from IPO

Fraser & Neave Holdings Bhd chief executive officer Tan Ang Meng

PETALING JAYA: Red Sena Bhd, the first food and beverage (F&B) special purpose acquisition company (SPAC) in Malaysia, is looking to raise RM400mil from its initial public offering (IPO).

In its prospectus exposure, the company said it will offer 800 million new shares at an issue price of 50 sen each.