Home furniture maker Mobilia to raise RM13.8m from IPO

Mobilia Holdings Bhd's business and IPO timeline.

KUALA LUMPUR: Home furniture manufacturer Mobilia Holdings Bhd plans to raise RM13.80mil from its proposed listing on the ACE Market of Bursa Malaysia Securities.

Under its initial public offering (IPO), it is offering 60 million new shares at 23 sen, of which 20 million shares will be offered to the public, 12 million shares for eligible employees and 28 million shares will be placed out to selected investors.