Westports to be listed on Oct 18, bids to raise up to RM2.2bil
Westports Holdings Bhd, en route to be listed on the Main Market of Bursa Malaysia on Oct 18, intends to raise up to RM2.2 billion at its public initial offering (IPO) and a market capitalisation of RM8.53 billion, upon listing.
Westports Holdings Bhd, en route to be listed on the Main Market of Bursa Malaysia on Oct 18, intends to raise up to RM2.2 billion at its public initial offering (IPO) and a market capitalisation of RM8.53 billion, upon listing.
Through the IPO exercise, Westports will be issuing 813.19 million ordinary shares at a par value of 10 sen each.
The IPO represents 23.84 percent of the entire issued and paid-up share capital of the port operator.
In a statement issued at the launch of the IPO prospectus launch today, Westports Group executive chairperson G Gnanalingam said the IPO exercise may allow employees, customers and other stakeholders to become the company’s shareholders.
- Bernama
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