PEOPLElogy publishes draft IPO prospectus

PETALING JAYA: PEOPLElogy Bhd has released a draft prospectus for its initial public offering (IPO) on Bursa Malaysia yesterday in conjunction with its intended listing on the ACE Market.

The IPO comprises a public issue of 105,000,000 new ordinary shares in the integrated people development solutions provider firm, which will see 20.6 million new shares made available for application by the Malaysian public, and 51.5 million new shares available by way of private placement to selected bumiputra investors.