IPO Prospectus
| NORTHEAST GROUP BERHAD |
| Subject | INITIAL PUBLIC OFFERING ("IPO") IN CONJUNCTION WITH THE LISTING OF NORTHEAST GROUP BERHAD ("NORTHEAST" OR "COMPANY") ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") COMPRISING: (I) PUBLIC ISSUE OF 168,989,000 NEW ORDINARY SHARES IN OUR COMPANY ("SHARES") ("ISSUE SHARE(S)") IN THE FOLLOWING MANNER: (A) 37,000,000 ISSUE SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; (B) 29,600,000 ISSUE SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS AND EMPLOYEES AS WELL AS BUSINESS ASSOCIATES WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR COMPANY AND SUBSIDIARIES; (C) 61,689,000 ISSUE SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; AND (D) 40,700,000 ISSUE SHARES BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INVESTMENT, TRADE AND INDUSTRY OF MALAYSIA ("MITI"); AND (II) OFFER FOR SALE OF 51,800,000 EXISTING SHARES ("OFFER SHARE(S)") BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED BUMIPUTERA INVESTORS APPROVED BY THE MITI, AT AN IPO PRICE OF RM0.50 PER ISSUE SHARE / OFFER SHARE, PAYABLE IN FULL UPON APPLICATION |
Please refer attachment below.
Announcement Info
| Company Name | NORTHEAST GROUP BERHAD |
| Stock Name | NE |
| Date Announced | 26 Sep 2024 |
| Category | Document Submission |
| Reference Number | DCS-24092024-00030 |