Monday, 29 June 2015

Sunway Construction retail offering at RM1.20 a share

Sunway Construction Group Bhd, which is seeking a listing on the Main Market of Bursa Malaysia, is offering for sale up to 573.71 million shares of 20 sen each at an indicative retail price of RM1.20 each.

Its abridged prospectus issued on Monday said the IPO would involve the distribution of 175 million shares to entitled shareholders on the basis of one for every 10 shares held.

It was offering for sale up to 398.70 million shares to Malaysian and foreign institutional and selected investors including Bumiputera investors via book building.

The retail offering comprising of 71.109 million shares to the eligible directors and employees and the public at RM1.20 a share.

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