TMK CHEMICAL BHD UNVEILS IPO PROSPECTUS
TMK Chemical Bhd (“TMK”) has launched its IPO prospectus ahead of its Main Market listing on Bursa Malaysia, scheduled for 12 December 2024. The IPO aims to raise RM385 million through 220 million new shares priced at RM1.75 each, with proceeds earmarked for plant expansion, acquisitions, and debt repayment.
Managing Director Wong Kin Wah emphasized TMK’s evolution over 35 years into a regional leader in inorganic chemicals, driven by innovation and customer trust.
Public subscription closes at 5:00 PM on 29 November 2024, with Maybank Investment Bank Berhad as the principal adviser and sole underwriter.
TMK CHEMICAL BHD INKS RETAIL UNDERWRITING AGREEMENT
TMK Chemical Bhd has officially signed a retail underwriting agreement with Maybank Investment Bank Berhad as it prepares for its IPO on Bursa Malaysia in Q4 2024. The TMK Group operates 15 facilities across the region, providing comprehensive chemical management services.
3REN BERHAD EMBARKS ON A NEW ERA, MAKING DEBUT ON THE ACE MARKET AT RM0.335
3REN Berhad (“3REN”) debuted on the ACE Market of Bursa Malaysia with an opening price of RM0.335, a 19.6% premium over its issue price. Through its IPO, 3REN raised RM30.8 million, primarily allocated for business expansion, R&D, and a new Singapore office.
SUNVIEW’S ASSOCIATE WINSTAR GETS LISTING APPROVAL
Sunview Group Berhad is pleased to announce that Winstar Capital Berhad has received approval for its listing on the ACE Market from Bursa Malaysia Securities Berhad, with an expected debut in Q4 2024.
NORTHEAST DEBUTS ON THE ACE MARKET AT RM0.53
Northeast Group Berhad (“Northeast”), a precision engineering components manufacturer, made its debut on the ACE Market of Bursa Malaysia, with shares opening at RM0.53, a 6.0% premium over its IPO price of RM0.50.
The IPO raised RM84.49 million, with funds allocated for a new factory, CNC machines, and debt repayment. Managing Director Ng Chay Chin emphasized the Group’s focus on expansion, production efficiency, and global growth.
3REN BERHAD LAUNCHES IPO PROSPECTUS
3REN Berhad (“3REN”) launched its IPO prospectus today ahead of its listing on the ACE Market of Bursa Malaysia on 6 November 2024. The IPO aims to raise RM30.8 million through the issuance of 110 million shares at RM0.28 per share, primarily for business expansion, R&D, and setting up new facilities.
NORTHEAST GROUP BERHAD UNVEILS IPO PROSPECTUS
Northeast Group Berhad (“Northeast”), a precision engineering components manufacturer, launched its IPO prospectus today ahead of its ACE Market listing on 15 October 2024. The Group aims to raise RM84.49 million by issuing 168,989,000 new shares at RM0.50 each. Proceeds will fund a new factory (47.34%), debt repayment (23.67%), CNC machinery (14.65%), working capital (6.53%), and listing expenses.
99 SPEED MART RETAIL HOLDINGS BERHAD PREMIERES ON THE MAIN MARKET AT RM1.85
99 Speed Mart Retail Holdings Berhad (“99 Holdings”) debuted on the Main Market of Bursa Malaysia at RM1.85 per share, 12.1% above its IPO price of RM1.65. Trading under ’99SMART’ (code: 5326), the IPO raised RM660 million for expansion and upgrades, with total proceeds reaching RM2.4 billion—the largest for a Malaysian IPO since 2017.
NORTHEAST GROUP BERHAD INKS UNDERWRITING AGREEMENT WITH AFFIN HWANG INVESTMENT BANK
Northeast Group Berhad (“Northeast”) has signed an underwriting agreement with Affin Hwang Investment Bank Berhad for its upcoming IPO on the ACE Market of Bursa Malaysia, set for the fourth quarter of 2024. The IPO will involve issuing 168.9 million new shares and offering 51.8 million existing shares, allocated to the public, eligible stakeholders, and selected investors, including Bumiputera investors approved by MITI
3REN BERHAD SIGNS UNDERWRITING AGREEMENT
3REN Berhad (“3REN”) signed an underwriting agreement with KAF Investment Bank for its ACE Market IPO in Q4 2024. The IPO involves 110 million new shares and up to 45 million existing shares.
Proceeds will boost R&D, expand semiconductor services, and support regional growth in Singapore. CEO Koh Dim Kuan is optimistic about future opportunities.
