Synergy House targets RM34.4mil proceeds from IPO

(From left) Kenanga Investment Bank acting head of corporate finance Alvin Ooi Yet Ming, head of group investment banking and Islamic banking Datuk Roslan Hj Tik, Synergy House independent non-executive chairman Mok Juan Chek, Tan Eu Tah and Teh Yee Luen

KUALA LUMPUR: Synergy House Bhd aims to raise RM34.4mil from its initial public offering (IPO), ahead of its listing on the ACE Market of Bursa Malaysia on June 1, 2023.

The IPO will comprise the issuance of 130 million new shares, including a public issue of 80 million new shares, at an IPO price of 43 sen per share.