The cable and wire manufacturer’s IPO entails the public issue of 104.7 million new shares representing 26.2% of the group’s enlarged share capital, the company said in a statement.
PETALING JAYA: Southern Cable Group Bhd
has signed an underwriting agreement with MIDF Amanah Investment Bank Bhd for its initial public offering (IPO) on the ACE Market targeted for the second quarter of 2020.
The cable and wire manufacturer’s IPO entails the public issue of 104.7 million new shares representing 26.2% of the group’s enlarged share capital, the company said in a statement.
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