in Nanyang. My great concern is going public to raise 2.03 billion, the market value is expected to reach 8 billion, the second largest IPO this year.
According to the prospectus launched by the group today, of the total proceeds raised in this offering, RM637.8 million will belong to the group, and the remaining approximately RM1.4 billion will go to the selling shareholders. Applications for public subscription will close on November 5th.