Our Capital Markets & M&A team is pleased to act as the solicitors for L&P Global Berhad (L&P Global) on their admission to the Main Market of Bursa Malaysia Securities Berhad (Bursa Securities) under the Industrial Products & Services sector.
L&P Global, a manufacturer of wooden industrial packaging products, was listed on the ACE Market of Bursa Securities on 3 January 2023 at a market capitalisation of RM168 million based on the issue price of 30 sen per share. RDS was also the solicitors for L&P Global’s initial public offering (IPO).
L&P Global satisfied the profit requirement of at least RM 20 million of aggregate profit after tax for the past 3 financial years. Accordingly, the Securities Commission and Bursa Securities approved L&P Global’s application to transfer its listing from the ACE Market to the Main Market.
RDS Capital Markets & M&A Head & Partner, Ong Eu Jin together with Senior Associate, Diane Ngu Dai En and Associates, Vincent Kow Lit Han and Charmaine Lim Ming Li were the key lawyers involved in the corporate exercise.
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 firstname.lastname@example.org .
More information on L&P Global and its admission to the Main Market can be found at:
The Edge Malaysia
2 February 2024