Aurelius shares oversubscribed


Aurelius is raising RM104.73mil from the initial public offering (IPO) exercise.

KUALA LUMPUR: Shares of Aurelius Technologies Bhd were oversubscribed by 20.27 times ahead of the group’s listing on the Main Market of Bursa Malaysia on Dec 16.

Following the completion of the bookbuilding process, its share price has been fixed at RM1.36 apiece.

Aurelius is raising RM104.73mil from the initial public offering (IPO) exercise.

From the proceeds, the group will use RM40mil for the purchase of new machinery and equipment, RM29.52mil for the repayment of borrowings, RM28.13mil for working capital and RM7.09mil for the listing expenses.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

Oil price rises US$2/bbl after G7 vows new Russian sanctions
Russia in historic default as Ukraine sanctions cut off payments
Sri Lanka stops fuel supply to non-essential services as crisis worsens
Wall Street ends down, pulled lower by growth stocks
Nike revenue beats as Europe demand overshadows China sales slump
Rising cost for stable prices
FGV appoints independent consultant to review director's remuneration
Malaysia palm oil millers halt production as CPO prices plummet
Credit Suisse found guilty in cocaine cash laundering case
S&P revises Malaysia's sovereign credit ratings’ outlook to stable, projects GDP to grow 6.1% in 2022

Others Also Read