Bus Cap launches IPO prospectus

From left: Bus Cap Bhd independent non-executive director Rose Zilawati Mohammed Arifin, Bus Cap independent non-executive director Aliza Ashari, Bus Cap executive director Bernard Ng Chong Yan, Bus Cap managing director Ng Chai Sing, Bus Cap independent non-executive chairman Datuk Chan Soon Tat, TA Securities Holdings Bhd executive director, operations, Tah Heong Beng, TA Securities head of corporate finance Dominic Seah Boon Chin, TA Securities vice-president, corporate finance Cheong Wen Jie and Bus Cap independent non-executive director Chen Xiang Foong.

PETALING JAYA: Bus Cap Bhd has officially launched its prospectus in conjunction with its initial public offering (IPO) and proposed listing on the ACE Market of Bursa Malaysia.

In a statement, the bus builder said the IPO entails a total offering of 126.52 million ordinary shares, comprising a public issue of 107.35 million new shares and an offer for sale of 19.17 million existing shares, at an issue price of 23 sen per share.