UMediC gets Bursa Malaysia Securities, SC nods for Ace Market listing

KUALA LUMPUR: UMediC Group Bhd has received approvals from Bursa Malaysia Securities Bhd and Securities Commission (SC) Malaysia for its listing on the ACE Market of Bursa Malaysia.

In a statement today, it said pursuant to the listing, UMediC’s initial public offering (IPO) would comprise a public issue of 97.22 million new UMediC shares of which, 18.69 million would be made available to the Malaysian public while 13.08 million would be allocated to eligible directors, employees and business associates which have contributed to the success of the company.