EGH International to list on ACE Market at 16 sen per share

BURSA SGX Home IPO Make The Edge Malaysia your preferred source on Google KUALA LUMPUR (Sept 24): EGH International Bhd is accepting applications for its 360 million shares at 16 sen apiece as the interior fit-out services firm seeks a listing on the ACE Market.

The initial public offering (IPO) will raise RM57.6 million, of which RM38.4 million will go to the company. The remaining RM19.2 million will accrue to the sole selling shareholder Datuk Doh Jee Ming, the managing director of property developer Lagenda Properties Bhd (KL: LAGENDA ). Doh will see his stake fall to about 25% post-IPO from 49%.

EGH International is currently led by group managing director Datuk Weslie Lim Yuk Ming and his sister Lim Seow Ni as the chief executive officer.