Karex IPO to raise RM75m

Listing candidate: Karex Bhd director Goh Leng Kian, director Goh Siang, RHB Investment Bank Bhd MD and CEO Mike Chan, Karex chairman Tan Sri Utama Arshad Ayub, CEO MK Goh, ZJ Advisory Sdn Bhd executive director Poi Koon Hwee at the world¿s largest condom manufacturer¿s prospectus launch ceremony on Friday.

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.