NationGate aims to raise RM165.5mil from 'biggest ace market listing'

From left: NationGate Holdings Bhd executive director cum chief operating officer Lee Kim San, NationGate independent non-executive chairman Datuk Seri Wong Siew Hai, NationGate managing director Ooi Eng Leong, M&A Securities Sdn Bhd corporate finance managing director Datuk Bill Tan and M&A Securities corporate finance deputy head Danny Wong.

KUALA LUMPUR: Nationgate Holdings Bhd (NationGate) aims to raise RM165.5 million from its capital listing exercise on Bursa Malaysia’s ACE Market slated for Jan 12, 2023.

"At an issue price of 38 sen per share and an enlarged share capital of 2.1 billion shares, the company is expected to have a market capitalisation of RM788.1 million upon listing, making it the largest listing on the ACE Market of Bursa Securities,” the electronics manufacturing services (EMS) provider said in a statement.