RDS Partnership congratulates Minox International Group Berhad (Minox) on its successful listing on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Malaysia) on 17.10.2023.
Minox is principally involved in the distribution of stainless steel sanitary valves, tubes and fittings. Upon its listing, Minox has a market capitalisation of RM 90 million based on the IPO price of RM 0.25 per share and an enlarged share capital of 360 million shares.
Minox raised a total of RM 22.5 million from the initial public offering whereby about RM 13 million will be allocated to the growth and expansion of its business, including product development and deployment, construction of its new warehouse in Puchong, Selangor, and setting up a new warehouse in Singapore.
The firm is pleased to have played a part in Minox’s IPO as the IPO solicitors. Our Capital Markets & M&A Head & Partner, Ong Eu Jin together with Diane Ngu Dai En (Senior Associate) and Mendy Ong Sze Yen (Associate) were the key lawyers involved in this IPO.
Our Capital Markets & M&A team is active in the IPO space. If you have any queries, please contact our Capital Markets & M&A Head & Partner, Ong Eu Jin at email@example.com.
More information on the listing can be found at:
The Edge Malaysia
17 October 2023