Unitrade to debut on ACE Market on June 14

KUALA LUMPUR: Unitrade Industries Bhd, which is set to be listed on Bursa Malaysia's ACE Market on June 14, plans to raise RM100 million from its initial public offering (IPO).

With the issue price of 32 sen per share and an enlarged share capital of 1.56 billion shares, the group will have a market capitalisation of RM500 million upon its listing.