Malaysia's largest pharma chain Big Caring offers 1.9bil shares under IPO
KUALA LUMPUR: Big Caring Group Bhd’s proposed initial public offering (IPO) will involve up to 1.9 billion shares, or 25.5 per cent of its enlarged share capital, as it moves closer to its planned listing on Bursa Malaysia’s Main Market.
Big Caring Group Bhd, Malaysia's largest pharma chain, is set to offer 1.9 billion shares in its initial public offering (IPO), representing 25.5% of its enlarged share capital. The IPO comprises 590.5 million new shares and an offer for sale of 1.3 billion existing shares, with proceeds going to selling shareholders. The public issue alone will raise up to RM3 billion, the largest listing in Malaysia over the past decade.
The company has secured underwriting agreements with Maybank Investment Bank Bhd, RHB Investment Bank Bhd, and AmInvestment Bank Bhd. The IPO will be split into eight% public issue, 17.5% offer for sale, and 3.6% retail offering, with specific allocations for institutional investors, Bumiputera investors, and the company's directors, employees, and loyal customers.
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