ACE Market-bound Betamek aims to raise RM34m from IPOBetamek Bhd, which is slated to be listed on the Bursa Malaysia’s ACE Market on Oct 26, aims to raise RM33.8 million from its initial public offering (IPO) exercise.
Under the listing exercise, Betamek is issuing 67.5 million new shares, representing 15% of the enlarged share capital at an issue price of 50 sen per share.