KUALA LUMPUR: LEAP Market-listed Lim Seong Hai Capital Bhd
(LSH), in conjunction with a proposed transfer of listing to the ACE Market, has proposed to undertake a public offering of up to 191 million shares, representing about 22.78% of the enlarged issued shares in the company.
In a filing with Bursa Malaysia, LSH said the offering would comprise a public issue of 132 million new shares and an offer for sale of up to 59 million existing shares by LSH Resources, Tan Sri Lim Keng Cheng, Datuk Lim Keng Guan, Lim Pak Lian and Lim Keng Hun.
The proposed public issue entails an offering of 132 million issue shares, of which 16.77 million will be made available to the Malaysian public via balloting process.
A further 12.57 million shares will go towards eligible directors of the company as well as eligible employees and other persons who have contributed to the success of the group.
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