Learn how to subscribe and participate in this lucrative opportunity through a Direct CDS account.  Are you an investor seeking promising opportunities in the thriving seafood industry? Look no further than the highly anticipated IPO of SBH Marine Holdings Berhad, a company poised to make waves in the market. SBH Marine Holdings, a prominent player in the seafood sector, is set to embark on an exciting journey by going public. This IPO presents a unique opportunity for investors to be a part of the company's growth and success story. The IPO Details: The IPO involves a public issue of 180 million new ordinary shares and an offer for sale of 50 million existing ordinary shares. In total, this represents a sale of approximately 26% stake in the company, valuing SBH Marine Holdings at an impressive RM195.36 million. Funds Raised and Allocation: Through this IPO, SBH Marine Holdings expects to raise RM39.6 million in funds. A significant portion of the proceeds, 40.40%, will be allocated towards the development of its Selinsing farm, a strategic move to enhance the company's production capabilities and meet growing market demands. Additionally, RM6.5 million will be invested in the construction of a new seafood processing plant, reflecting the company's commitment to streamlining operations and maintaining the highest quality standards. To further strengthen its operations, SBH Marine Holdings will allocate RM6.1 million towards the acquisition of essential equipment and motor vehicles, ensuring efficient logistics and distribution networks. The remaining funds will be strategically utilized to meet working capital requirements and cover the estimated listing expenses associated with the IPO. How to Subscribe to the SBH Marine Holdings IPO? To participate in this exciting investment opportunity, you'll need to open a Direct CDS account. By having a Direct CDS account, you gain direct access to the Malaysian stock market, enabling you to subscribe to IPOs, trade stocks, and manage your investments seamlessly. Is it possible to use your Nominee CDS account for IPO?
No! Why? You can read my full answer in this blog post.. In Malaysia, you need a Direct CDS Account Number to apply in IPO. To get a 15-digit Direct CDS Account Number, 1. Download M+ Global app 2. Sign up online 3. Choose the Malaysia Market 4. Enter my Invitation Code, which is UBZQ 5. Pay RM11 to register a Bursa Direct CDS number. 6. Wait for the email confirmation
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