KUALA LUMPUR: Power infrastructure engineering solutions provider SKA Capital Bhd has set its initial public offering (IPO) price at 43 sen a share ahead of its listing on Bursa Malaysia's ACE Market on Nov 11.
The IPO comprises a public issue of 168.08 million new shares to raise RM72.3 million for the company.
This is alongside an offer for sale of 72.4 million existing shares through a private placement to selected investors.
Of the new shares, 44.78 million will be made available to the Malaysian public, while 8.96 million will be allocated to eligible directors, employees and individuals who have contributed to the company.
