IPO Prospectus
| POWERWELL HOLDINGS BERHAD |
| Subject | INITIAL PUBLIC OFFERING ("IPO") OF 145,455,200 ORDINARY SHARES IN POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY") ("SHARES") IN CONJUNCTION WITH THE LISTING OF POWERWELL ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING:- (A) PUBLIC ISSUE OF 87,400,000 NEW SHARES IN POWERWELL ("ISSUE SHARES") COMPRISING:- (I) 23,800,000 ISSUE SHARES TO THE MALAYSIAN PUBLIC; (II) 60,700,000 ISSUE SHARES BY WAY OF PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY OF MALAYSIA; AND (III) 2,900,000 ISSUE SHARES BY WAY OF PRIVATE PLACEMENT TO INSTITUTIONAL AND SELECTED INVESTORS, (B) OFFER FOR SALE OF 58,055,200 EXISTING SHARES ("OFFER SHARES") BY THE OFFERORS (AS DEFINED IN THE PROSPECTUS) COMPRISING:- (I) 8,350,000 OFFER SHARES TO ELIGIBLE PERSONS (AS DEFINED IN THE PROSPECTUS); AND (II) 49,705,200 OFFER SHARES BY WAY OF PRIVATE PLACEMENT TO INSTITUTIONAL AND SELECTED INVESTORS, AT AN IPO PRICE OF RM0.25 PER SHARE PAYABLE IN FULL ON APPLICATION. |
Please refer attachment below.
Announcement Info
| Company Name | POWERWELL HOLDINGS BERHAD |
| Stock Name | PWRWELL |
| Date Announced | 02 Jan 2020 |
| Category | Document Submission |
| Reference Number | DCS-31122019-00024 |