KUCHING: Reservoir Link Energy Bhd
’s (RLEB) 51%-owned subsidiary Founder Group Ltd (FGL), which is targeting a listing on the Nasdaq Stock Exchange soon, says the issue price of shares under its initial public offering (IPO) will be at least US$4 each.
Based on the assumed IPO price of US$4 per issue share, the floating exercise is expected to raise up to US$21.16mil under the maximum scenario and US$4.6mil under the minimum scenario, said chairman Datuk Tai Hee.
