From left: Leform Bhd non-independent executive director Phang Yew Cheong @ Phang Yew Choong (Robert), Leform managing director Law Kok Thye, MIDF Amanah Investment Bank Bhd CEO Datuk Dominic Silva and MIDF Bhd group managing director Datuk Charon Wardini Mokhzani.
Kéo tài xỉu（www.vng.app）：Kéo tài xỉu（www.vng.app） cộng Chơi tài xỉu uy tín nhất việt nam。Kéo tài xỉu（www.vng.app）game tài Xỉu đánh bạc online công bằng nhất，Kéo tài xỉu（www.vng.app）cổng game không thể dự đoán can thiệp，mở thưởng bằng blockchain ,đảm bảo kết quả công bằng.
KUALA LUMPUR: Leform Bhd has entered into an underwriting agreement with MIDF Amanah Investment Bank Bhd in conjunction with its forthcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd.
Under the underwriting agreement, MIDF Investment will act as the sole underwriter for the IPO.
Leform and its subsidiaries are principally involved in the manufacturing of and trading in steel products, particularly steel pipes, guardrails, and flat steel products.
Leform managing director Law Kok Thye said the IPO would expedite the company's expansion plans and enable it to tap into the equity capital market, granting it the better financial flexibility to capitalise on future growth opportunities.,
"Against the backdrop of the prospects of the construction industry in light of emerging infrastructure projects and housing projects and government initiatives to drive demand for residential properties as well as rising demand for automotive vehicles and locally manufactured furniture, demand for steel products is expected to be stimulated alongside the growth of these end-user industries,” he added.
Leform’s IPO exercise involved a public issuance of 311.0 million new shares, representing 21.0% of its enlarged share capital, as well as an offer for sale of 74.1 million existing shares, representing 5.0% of the enlarged shares by way of private placement to identified institutional and/or selected investors.
Out of the 311.0 million new shares, 74.1 million shares will be made available to the Malaysian public via balloting; 29.6 million shares to its eligible directors, employees, and persons who have contributed to the success of the company; 22.2 million shares by way of private placement to selected investors; while the remaining portion of 185.1 million shares is reserved for Bumiputera investors approved by the Ministry of International Trade and Industry.
Leform is scheduled to list by November 2022, with MIDF Investment as the principal adviser, sponsor, sole underwriter, and sole placement agent for the IPO.