Main Market-bound Keyfield aims to raise RM188.1mil from IPO

From left: M&A Securities head of corporate finance Gary Ting, Keyfield executive director and group chief operating officer Mohd Erwan Ahmad, exective director and group CEO Datuk Darren Kee Chit Huei, independent non-executive chairperson Haida Shenny Hazri, M&A Equiry Holdings Bhd managing director Datuk Bill Tan, Maybank Investment Bank Bhd officer-in-charge Tengku Ariff Azhar Tengku Mohamed and regional head of ECM Raymond Chooi

KUALA LUMPUR: Keyfield International Bhd has plans to raise about RM188.1mil from its initial public offering via the issuance of 209 million new shares at 90 sen a share.

In a statement, the group said the proceeds shall mainly go towards redeeming its cumulative redeemable non-convertible preference shares (CRNCPS), as well as to settle the balance purchase consideration for two vessels, namely Blooming Wisdom and Keyfield Helms 1.