Kuala Lumpur, April 26: Seng Fong Holdings Berhad, a rubber processor producing and trading Standard Malaysia Rubber and premium grade block rubber, via its subsidiaries, is pleased to announce that the Company has, in the month of April 2022, obtained the approval of the Securities Commission Malaysia to list on the Main Market of Bursa Malaysia Securities Berhad. With a history tracing back to 1986, Seng Fong is principally involved in the processing of Standard Malaysia Rubber and premium grade block rubber as well as trading in block rubber, where its customers are mainly tyre manufacturers or international rubber traders. The Company also operates a Malaysian Rubber Board-approved laboratory for the testing, grading and certification of the processed block rubbers. According to Seng Fong’s draft initial public offering prospectus posted on the Securities Commission Malaysia website, the listing exercise involves the initial public offering of up to 160.87 million ordinary shares comprising a public issue of 90.81 million shares and an offer for sale of up to 70.06 million shares. The IPO shares are divided into an institutional offering of up to 118.68 million shares representing 22.9 per cent of the enlarged issued shares and, a retail offering of up to 42.20 million shares representing 8.1 per cent of the enlarged issued shares. #kualalumpur #bursamalaysia #listing #mainmarket #scapproval (at Kuala Lumpur, Malaysia) https://www.instagram.com/p/Cc1RqCVBOPv/?igshid=NGJjMDIxMWI=
