APPLICATIONS for IFCA MSC Bhd's initial public offer will close on July 8 and its balloting is expected to be on July 12.
IFCA is issuing 72.43 million new shares of 10 sen each at an issue price of 20 sen each for its floatation exercise on the Mesdaq market of the KLSE. Two million shares were made available for application by the public. It allocated 42.81 million and 27.62 million for private placement and eligible directors and employees.
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