DC Healthcare Holdings Berhad a specialist in aesthetic medical services, has announced its IPO on Ace Market with an underwriting agreement between the company and M&A Securities Sdn. Bhd.
Based on the prospectus exposure as published on the Bursa Securities website, the company’s listing exercise involves the public issue of 199.26 million shares or 20.0% of the Group’s enlarged number of issued shares offered at the IPO price and an offer for sale of 99.63 million shares representing 10.0% of the enlarged share capital to selected investors.
The group added its IPO shares will be allocated to the Malaysian public a total of 49.82 million issue shares representing 5.0% of its enlarged share capital, of which 2.5% will be made available to public investors and 2.5% will be made available to bumiputera public investors
Eligible directors and employees 29.89 million issue shares representing 3.0% of the Group’s enlarged share capital to be reserved for eligible directors and employees under the pink form allocations and Private placement to selected investors 119.55 million issue shares representing 12.0% of the Group’s enlarged share capital reserved for selected investors
- Offer for sale of 99.63 million offer shares representing 10% of the Group’s enlarged share capital by way of the private placement to selected investors
Under the agreement, M&A will underwrite 79.70 million issue shares made available to the Malaysian public through the pink form allocations. The balance 119.56 million issue shares and 99.63 million offer shares to be placed out by M&A will not be underwritten.
