MTAG Group to raise RM72.3m from IPO

From left are MTAG Group Bhd executive director Goh Jui Heng, chief human resources officer Ang Yam Fung, group managing director Chaw Kam Shiang and executive director Philip Lau Cher Liang, M&A Securities Sdn Bhd managing director Datuk Bill Tan and head of corporate finance of M&A Securities Gary Ting.

KUALA LUMPUR: Printing and materials converting company MTAG Group Bhd plans to raise RM72.3m from its listing exercise where it is issuing 136.32 million new shares, or 20% of its enlarged share capital, at 53 sen each.

It said on Monday of the 136.32 million new shares, it was allocating 34.08 million shares to the public; 14 million shares to eligible directors and employees while 68.16 million shares to be placed out to approved Bumiputera investors and the remaining 20.07 million shares will be placed out.