Upcoming Catalist listing Zico attracts high-profile investors (Amended)
ZICO Holdings, a Malaysian consulting firm to be listed on Catalist next week, has attracted high-profile investors through its share placement.
It has raised net proceeds of about S$12.5 million, it said on Friday of its placement of 48 million new shares at 30 Singapore cents each to investors, who include director of Khazanah Nasional Tan Sri Mohamed Azman bin Yahya, CIMB Group chairman Dato' Sri Nazir Razak and FIL Investment Management (Hong Kong) Limited.
Part of the proceeds will be used to expand the business operations, which can lead to potential acquisitions, Zico said.
The group's market capitalisation will be approximately S$80.1 million. Its first day of trading is expected on Tuesday.
An earlier version of the story incorrectly stated Zico's first day of trading. The article has been revised to reflect this.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Nvidia supplier SK Hynix says HBM chips almost sold out for 2025
Jim Beam owner bets on canned vodka cocktails to double revenue
Hot stock: Nio climbs about 19.8% on stronger vehicle delivery performance
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Hot stock: DBS hits all-time high on record Q1 net profit
Japanese companies struggle with yen’s continued weakness