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🇲🇾 Malaysia /Economy & Trade

Evocom launches prospectus, targets RM20.50 million in IPO proceeds

From Utusan Malaysia · () Malay

Translated from Malay and summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement New plan
  • Evocom Berhad launched its IPO prospectus and is targeting gross proceeds of about RM20.50 million from its proposed ACE Market listing on Bursa Malaysia.
  • The company plans to raise the funds through the issuance of 113.907 million new ordinary shares priced at 18 sen each.

Evocom Berhad has launched its prospectus for an initial public offering that targets about RM20.50 million in gross proceeds through its proposed listing on Bursa Malaysia’s ACE Market.

The e-commerce enabler, which provides flexible workforce solutions and network support, said it plans to raise the funds by issuing 113.907 million new ordinary shares at an IPO price of 18 sen each.

About this summary

Originally published by Utusan Malaysia in Malay. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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