Red Sena gets green light for Main Market listing

PETALING JAYA: Red Sena Bhd, the food and beverage (F&B)-focused special-purpose acquisition company (SPAC), has secured the approval to list from the Securities Commission and is planning to get listed in November, sources said.

The approval comes after three years of planning and Red Sena will stick to its plan of raising some RM400mil via the issuance of 800 million new shares at 50 sen each, which will come with free warrants.