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在马来西亚证券交易所ACE市场上市前，其IPO超额认购了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'.
该集团主要从事浴室和厨房卫生洁具的营销、分销和销售，包括旗舰品牌'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马币的发行价格公开发行了15500万股新普通股。这代表了扩大后股本的18.0%，预计将筹集5740万马币。
"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.
“该集团计划将筹集资金中的3140万马币（54.7%）用于购买库存的营运资金，600万马币（10.5%）用于支持品牌和促销营销活动，另外600万马币（10.5%）将用于拓展经销商网络和扩大分销渠道。”
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900万马币（15.6%）将用于偿还银行借款，剩下的500万马币（8.7%）将用于偿还上市费用。
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.
根据每股0.37马币的发行价格和86000万股扩大的股本，Sorento Capital预计将于2024年10月28日星期一在马来西亚证券交易所ACE市场上市。上市后，Sorento Capital的市值约为31820万马币。
Alliance Islamic Bank Berhad is the Principal Adviser, Sponsor, Underwriter and Placement Agent for the IPO exercise.
Alliance Islamic Bank Berhad是这次IPO发行的首席顾问、保荐人、承销商和配售代理。
译文内容由第三方软件翻译。
