IPO Prospectus
VESTLAND BERHAD
| Subject | INITIAL PUBLIC OFFERING (“IPO”) OF 240,800,000 ORDINARY SHARES IN VESTLAND BERHAD (“VESTLAND” OR “COMPANY”) (“SHARES”) IN CONJUNCTION WITH THE LISTING OF VESTLAND ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”) COMPRISING: (A) PUBLIC ISSUE OF 170,000,000 NEW SHARES (“ISSUE SHARES”) IN THE FOLLOWING MANNER: (I) 47,216,000 ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC VIA BALLOTING; (II) 27,745,000 ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY THE ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF VESTLAND AND ITS SUBSIDIARY; AND (III) 95,039,000 ISSUE SHARES BY WAY OF PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY, MALAYSIA (“MITI”), (B) OFFER FOR SALE OF 70,800,000 EXISTING SHARES (“OFFER SHARES”) IN THE FOLLOWING MANNER: (I) 23,000,000 OFFER SHARES BY WAY OF PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MITI; AND (II) 47,800,000 OFFER SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS, SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS AS SET OUT IN THIS PROSPECTUS, AT AN IPO PRICE OF RM0.33 PER SHARE, PAYABLE IN FULL UPON APPLICATION. |
Please refer attachment below.
Announcement Info
| Company Name | VESTLAND BERHAD |
| Stock Name | VLB |
| Date Announced | 27 Dec 2022 |
| Category | Document Submission |
| Reference Number | DCS-21122022-00006 |