Initial Public Offering ("IPO") In Conjunction With The Listing Of And Quotation For The Entire Enlarged Issued Ordinary Share Capital Of LGMS Berhad ("LGMS") On The Ace Market Of Bursa Malaysia Securities Berhad ("Ace Market") Comprising:- (A) A Public issue Of 91,395,000 New Ordinary Shares In LGMS ("Issue Share(s)") In The Following Manner:- (I) 22,800,000 Issue Shares Made Available For Application By The Malaysian Public; (II) 12,500,000 Issue Shares Reserved For Application By Our Eligible Directors And Employees As Well As Persons Who Have Contributed To The Success Of Our Group; (III) 44,695,000 Issue Shares By Way Of Private Placement To Identified Institutional And/Or Selected Investors; And (IV) 11,400,000 Issue Shares By Way Of Private Placement To Identified Bumiputera Investors Approved By The Ministry Of International Trade and Industry, Malaysia ("MITI"); And (B) An Offer For Sale Of 45,600,000 Existing Ordinary Shares In LGMS ("Offer Share(s)") By Way Of Private Placement To Identified Bumiputera Investors Approved By The Miti; At An Issue Price/Offer Price Of RM0.50 Per Issue Share/Offer Share, Payable In Full Upon Application.

BackMay 20, 2022
Subject INITIAL PUBLIC OFFERING ("IPO") IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED ORDINARY SHARE CAPITAL OF LGMS BERHAD ("LGMS") ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("ACE MARKET") COMPRISING:- (A) A PUBLIC ISSUE OF 91,395,000 NEW ORDINARY SHARES IN LGMS ("ISSUE SHARE(S)") IN THE FOLLOWING MANNER:- (I) 22,800,000 ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; (II) 12,500,000 ISSUE SHARES RESERVED FOR APPLICATION BY OUR ELIGIBLE DIRECTORS AND EMPLOYEES AS WELL AS PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP; (III) 44,695,000 ISSUE SHARES BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED INSTITUTIONAL AND/OR SELECTED INVESTORS; AND (IV) 11,400,000 ISSUE SHARES BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY, MALAYSIA ("MITI"); AND (B) AN OFFER FOR SALE OF 45,600,000 EXISTING ORDINARY SHARES IN LGMS ("OFFER SHARE(S)") BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED BUMIPUTERA INVESTORS APPROVED BY THE MITI; AT AN ISSUE PRICE/OFFER PRICE OF RM0.50 PER ISSUE SHARE/OFFER SHARE, PAYABLE IN FULL UPON APPLICATION.



Please refer attachment below.

 


Announcement Info

Company Name LGMS BERHAD
Stock Name LGMS
Date Announced 20 May 2022
Category Document Submission
Reference Number DCS-19052022-00032

Attachments

  1. 1._LGMS_Berhad_-_Prospectus_(Part_1).pdf (Size: 2,202,148 bytes)
  2. 2._LGMS_Berhad_-_Prospectus_(Part_2).pdf (Size: 2,805,222 bytes)
  3. 3._Detailed_Procedures_for_Application_and_Acceptance.pdf (Size: 598,726 bytes)