Sasbadi gets SC nod for IPO

KUALA LUMPUR: Educational publisher, Sasbadi Holdings Bhd, has obtained approval from the Securities Commission for the proposed listing of its entire enlarged issued and paid-up capital.

Sasbadi Holdings initial public offering (IPO) involves a public issue of 21.2 million new shares of 50 sen each and offer for sale of up to 35.95 million existing shares, said the company in a statement yesterday.