PT Resources’ new IPO share issuance

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Mercury Securities Sdn Bhd will underwrite a total of 40.13 million new shares, comprising 26.75 million shares offered to the Malaysian public via balloting and 13.38 million shares set aside for eligible directors, employees and persons who have contributed to the success of PT Resources and its subsidiaries.

PETALING JAYA: PT Resources Holdings Bhd’s initial public offering on the ACE Market of Bursa Malaysia will entail a public issue of 135 million new ordinary shares.

Mercury Securities Sdn Bhd will underwrite a total of 40.13 million new shares, comprising 26.75 million shares offered to the Malaysian public via balloting and 13.38 million shares set aside for eligible directors, employees and persons who have contributed to the success of PT Resources and its subsidiaries.

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The frozen seafood processor and retailer will place out 27.99 million new shares to selected investors and 66.88 million shares to selected bumiputra investors.

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