Unitrade to raise RM100mil from IPO

In conjunction with the company’s prospectus launch, Unitrade group managing director Nomis Sim Siang Leng said the group plans to have more working capital and bigger storage.

PETALING JAYA: Slated to be listed on the ACE Market on June 14, Unitrade Industries Bhd aims to raise RM100mill via its initial public offering (IPO).

With an 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 RM500mil upon listing.