KUALA LUMPUR: My E.G. Services Bhd (MYEG), an electronic government service provider, aims to be listed on the Mesdaq market in January.
MYEG said in a statement it hoped to raise RM14mil from its initial public offering (IPO), of which RM10.8mil would be spent on capital expenditure.
MYEG said its IPO would entail a public issue of 25.5 million new 10 sen shares at an issue price of 55 sen per share.
Of this total, one million shares will be made available to the Malaysian public, 23.5 million shares for private placement and the remaining one million shares for the company's eligible directors and employees.
The MSC-status company is engaged in the business of developing and implementing e-government services as well as the provision of other related services such as the electronic delivery of driver and vehicle registration, licensing, summon services and utility bill payments. – Bernama
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