Explore the exciting Sin-Kung Logistics IPO, public issue totalling RM26 million have been earmarked for Warehousing Expansion.  Sin-Kung Logistics Berhad IPO open for subscription. The highly-anticipated IPO you're referring to involves the public issue of 200 million new shares and an offer for sale of 103.5 million existing shares, collectively offering up to a 25.3% stake in the company. This significant offering presents a range of opportunities for investors to be part of the company's growth journey. One of the key focuses of the IPO is the expansion of warehousing and distribution services. With RM26 million earmarked from the public issue proceeds, the company aims to strengthen its logistics capabilities, enabling efficient handling and delivery of goods to meet growing consumer demands. Additionally, the IPO proceeds will be utilized for repayment of bank borrowings, purchase of commercial vehicles, and working capital requirements, positioning the company for sustainable growth and operational excellence. Notably, the offer-for-sale tranche has set aside 55 million existing shares specifically for Bumiputera investors, providing a dedicated opportunity for this community to participate in the company's success. Furthermore, 48.5 million shares have been allocated for selected investors through a private placement, catering to strategic investment interests. To fully capitalize on this exciting opportunity, we encourage you to open a Direct CDS Account with Dexter, our trusted brokerage partner. By doing so, you'll gain direct access to the IPO and can seamlessly participate in the offering, ensuring a smooth and convenient investment experience. Don't miss out on this remarkable IPO and the chance to be part of a company poised for growth in the warehousing and distribution sectors. Open your Direct CDS Account with Dexter today and position yourself for a prosperous investment journey. To participate in this exciting IPO opportunity, it is crucial for investors to sign up for a Direct CDS Account. This account will allow you to directly subscribe to the IPO and become a shareholder in MKH Oil Palm.
Apply IPO with your Nominee CDS account? Answer: NO, you cannot. The reason why you cannot apply Malaysia IPO using Nominee CDS Account, read this blog post. To sign up for a 15-Digit Direct CDS Account Number to apply IPO, 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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