RichTech aims to raise RM14mil from listing

From left: RichTech Digital Bhd substantial shareholder Yau Ming Teck, RichTech executive director Agnes Wong Eei Nien, RichTech managing director Lee Teik Keong, KAF Investment Bank Bhd co-head / director, corporate finance Ahmad Fazlee Aziz, RichTech independent non-executive chairman Wong Koon Wai and KAF Investment Bank director, corporate finance Yap Chin Fatt.

PETALING JAYA: The distributor of electronic reloads and provider of bill payment services RichTech Digital Bhd, which is on its way to a listing on Bursa Malaysia’s ACE Market, aims to raise RM13.67mil through its initial public offering (IPO).

The IPO scheduled for Feb 17 involves the issuance of 54.66 million shares at 25 sen per share, according to the company’s prospectus launched yesterday.