Seng Fong inks deal with Hong Leong Investment Bank

According to the company, the listing exercise involves the IPO of up to 160.87 million ordinary shares, or up to 31% of the company’s enlarged number of issued shares comprising a public issue of 90.81 million shares and an offer for sale of up to 70.06 million shares. Under the agreement, HLIB will underwrite 42.2 million IPO shares made available for application under the retail offering

PETALING JAYA: Rubber processor Seng Fong Holdings Bhd has entered into an underwriting agreement with Hong Leong Investment Bank Bhd (HLIB) for its upcoming initial public offering (IPO) on the Main Market of Bursa Malaysia.

According to the company, the listing exercise involves the IPO of up to 160.87 million ordinary shares, or up to 31% of the company’s enlarged number of issued shares comprising a public issue of 90.81 million shares and an offer for sale of up to 70.06 million shares.