Infoline Tec launched IPO prospectus in conjunction with its listing on Bursa Malaysia’s ACE market
IT infrastructure and cybersecurity solutions provider, Infoline Tec Group Berhad (Infoline Tec), launched its Initial Public Offering (IPO) prospectus in a ceremony held at Avante Hotel, Petaling Jaya today, 20 June 2022. The prospectus was launched in conjunction with Infoline Tec’s listing on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Malaysia) scheduled for 13 July 2022.
The launch was attended by the group’s board members and senior management team as well as by Dato’ Charon Mokhzani, Datuk Dominic Silva and members of the senior management team of MIDF Amanah Investment Bank Berhad (MIDF Investment), the Principal Adviser, Sponsor, Underwriter and Placement Agent for this IPO exercise. The prospectus was launched by Dato’ Charon Mokhzani, Datuk Dominic Silva, En. Nor Azzam Abdul Jalil, Independent Chairman of Infoline Tec, Mr. Choo Wei Chuen, Chief Executive Officer of Infoline Tec, Mr. Loo Wai Hong, Chief Operating Officer of Infoline Tec and Mr. Too Yit Meng, Chief Marketing Officer of Infoline Tec.
Slated to raise approximately RM23.68 million and based on an issue price of RM0.32 per share as well as an enlarged share capital of 363.2 million shares, Infoline Tec will have a market capitalisation of RM116.2 million upon listing.
Speaking at the launch, Group Managing Director of MIDF and Executive Director of MIDF Investment, Dato’ Charon Mokhzani said “The upcoming IPO of the Company represents the next stage of growth. On top of enabling the company to raise capital for expansion, the listing will also enhance the Group’s standing amongst the existing and potential customers, provide greater transparency and attract talent.”
Congratulations to the Corporate Finance team lead by Ms. Wan Hung See on this transaction!
