Rhone Ma to raise nearly RM31.6m from listing on Bursa
Update Date：2016-11-29 9:48:09 Source：Tannet (Malaysia) Sdn Bhd Views：660
KUALA LUMPUR: Rhone Ma Holdings Bhd plans to raise RM31.59mil from the proposed listing on the Main Market of Bursa Malaysia.
In its prospectus issued on Tuesday, the company which is involved in end-to-end animal health solution services and supply of food ingredients, announced an offer for sale of 42.12 million new shares of 75 sen each.
Of the 42.12 million new shares, it is offering 8.30 million units to the public while 7.82 million shares will be offered to the eligible directors and employees of the group.
Rhone Ma said 16 million shares would be placed out to approve Bumiputera investors and the remaining 9.40 million shares placed out to selected investors.
Public Investment Bank Bhd is the principal adviser, sole underwriter and sole placement agent for the listing exercise. Applications close on Dec 6.
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