ACE Market Bound Sorento Capital IPO Oversubscribed By 39 Times
ACE Market Bound Sorento Capital IPO Oversubscribed By 39 Times
"The group aims to use RM31.4 million (54.7%) of the proceeds for working capital for the purchase of inventories and RM6.0 million (10.5%) will be used to support branding and promotional marketing efforts, whereas another RM6.0 million (10.5%) to be channelled towards the expansion of dealer network and enhancement of distribution reach. Sorento Capital Berhad saw its IPO oversubscribed by 39.34 times ahead of its listing on the ACE Market of Bursa Malaysia Securities Berhad.
Sorento Capital Berhad在馬來西亞證券交易所ACE市場上市前，其IPO超額認購了39.34倍。
The group is principally involved in the marketing, distribution, and sale of bathroom and kitchen sanitary wares which includes house brands such as the flagship 'Sorento', along with 'Mocha', 'Cabana' and 'i-Born'.
該集團主要從事浴室和廚房衛生潔具的營銷、分銷和銷售，包括旗艦品牌'Sorento'、'Mocha'、'Cabana'和'i-Born'。
Sorento Capital's IPO comprises a public issue of 155.0 million new ordinary shares at an issue price of RM0.37 per share. This represents 18.0% of the enlarged share capital, with RM57.4 million expected to be raised.
Sorento Capital的IPO包括以每股0.37馬幣的發行價格公開發行了15500萬股新普通股。這代表了擴大後股本的18.0%，預計將籌集5740萬馬幣。
"The group aims to use RM31.4 million (54.7%) of the proceeds for working capital for the purchase of inventories and RM6.0 million (10.5%) will be used to support branding and promotional marketing efforts, whereas another RM6.0 million (10.5%) to be channelled towards the expansion of dealer network and enhancement of distribution reach.
「該集團計劃將籌集資金中的3140萬馬幣（54.7%）用於購買庫存的營運資金，600萬馬幣（10.5%）用於支持品牌和促銷營銷活動，另外600萬馬幣（10.5%）將用於拓展經銷商網絡和擴大分銷渠道。」
Another RM9.0 million (15.6%) it said will be used for repayment of bank borrowings and the remaining RM5.0 million (8.7%) will be used to repay our listing expenses."
另外的900萬馬幣（15.6%）將用於償還銀行借款，剩下的500萬馬幣（8.7%）將用於償還上市費用。
Sorento Capital is scheduled to be listed on the ACE Market of Bursa Securities on Monday, 28 October 2024. Upon listing, Sorento Capital will have a market capitalisation of approximately RM318.2 million based on the issue price of RM0.37 per share and the enlarged share capital of 860.0 million shares.
根據每股0.37馬幣的發行價格和86000萬股擴大的股本，Sorento Capital預計將於2024年10月28日星期一在馬來西亞證券交易所ACE市場上市。上市後，Sorento Capital的市值約爲31820萬馬幣。
Alliance Islamic Bank Berhad is the Principal Adviser, Sponsor, Underwriter and Placement Agent for the IPO exercise.
Alliance Islamic Bank Berhad是這次IPO發行的首席顧問、保薦人、承銷商和配售代理。
譯文內容由第三人軟體翻譯。
