KUALA LUMPUR: Karex Bhd, the world’s largest condom maker, expects to raise RM75mil from its initial public offering (IPO) on the Main Market of Bursa Malaysia on Nov 6, 2013.
The IPO will entail 67.5 million shares, representing 25% of the company’s enlarged capital. It consists of a public issue of 40.5 million new shares at RM1.85 each as well as 27 million existing shares up for sale.
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