Oiltek submits application for secondary listing on Bursa Malaysia’s main market
This is intended to be undertaken together with a public offering in Malaysia
Oiltek has applied for a secondary listing on Bursa Malaysia’s main market, alongside a public offering in Malaysia. The application was submitted to the Securities Commission Malaysia on Friday, September 25th. This listing is planned to coincide with a public issue of new shares and a private placement of shares to MITI-approved Bumiputera investors.
The specifics of this offering, including the size and issue/offer price, will be announced later. The company's shares will continue to be listed on the Singapore Exchange, which remains their primary stock exchange. Approval from Bursa Securities, Bank Negara Malaysia, and the Securities Commission is required for the offering.
Oiltek's shares are currently trading on the Singapore Exchange, with the price rising 1.6% to S$1.25 on Friday.
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