KUALA LUMPUR: Impact Capital Holdings Bhd expects to raise RM21.27 million from its initial public offering (IPO) ahead of its planned listing on the ACE Market of Bursa Malaysia on Nov 24.
The information and communications technology (ICT) systems integrator's IPO comprises a public issue of 96.69 million new shares and an offer for sale of 28.62 million existing shares, at an issue price of 22 sen per share.
Managing director Winston Chai Fung Chun said the IPO will provide the group with additional financial resources to expand its operations, strengthen its technical capabilities and grow its workforce.
"The launch of our prospectus represents another important milestone as we progress towards becoming a public listed company and enter our next phase of growth," he said in a statement.
