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.

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