PETALING JAYA: Chemara Palmea Holdings Bhd seeks to be the first plantation-based special purpose acquisition company (SPAC) and plans to raise RM650mil through a listing on the Main Market of Bursa Malaysia if its application is approved.
According to its draft prospectus lodged with the Securities Commission (SC), Chemara is offering 1.3 billion shares at 50 sen each, with 1.266 billion shares allocated to institutions and 34 million shares for retail investors.
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