Minox aims to raise RM22.5mil from ACE Market IPO

KUALA LUMPUR: Minox International Group Bhd aims to raise RM22.5 million from its initial public offering (IPO) on the ACE Market, comprising a public issue of 90 million new ordinary shares.

Based on the IPO price of RM0.25 per share and its enlarged issued shares of 360 million shares, Minox’s market capitalisation upon listing will be RM90 million.