“Coraza strives to continuously expand the range of services we provide to our customers that operate in various industries. The IPO, which is open for subscription from Wednesday until Jan 6, 2022, will see Coraza issue 117.8 million new shares, representing 27.5% of its enlarged share capital, at an issue price of 28 sen apiece, according to the statement. Based on the enlarged share capital of 428.3 million shares, Coraza said it is expected to have a market capitalisation of RM119.9 million. Coraza is expected to be listed on the ACE Market of Bursa by Jan 20, 2022. M&A Securities Sdn Bhd is the adviser, sponsor, underwriter and placement agent for Coraza’s IPO.

Source: The Edge Markets December 23, 2021 12:22 UTC