Main Market-bound Cuckoo Malaysia aims to raise RM184.8mil from IPO

From left: Ankur Khandelwal, director of regional head equity capital markets and syndication, RHB Investment Bank; Tommy Har, head of corporate finance; Kevin Davies, CEO/managing director; Hoe Kian Choon, non-Independent executive director and CEO of CUCKOO International; Bryan Yeong, chief financial officer; Toh Seng Lee, chief operating officer; Queenie Goh, chief marketing officer; Tracy Chen Wee Keng, CEO of AmInvestment Bank; and Christopher Yap Huey Wen, managing director of business banking, AmBank

KUALA LUMPUR: Main Market-bound CUCKOO International (MAL) Bhd, the local unit of South Korean appliance maker Cuckoo Homesys Co Ltd, aims to raise RM184.8 million from its initial public offering (IPO).

The company's IPO entails the issuance of 143.28 million new shares at an issue price of RM1.29 per share.