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HPMT Holdings Berhad Launches IPO Prospectus
HPMT Holdings Berhad Launches IPO Prospectus

HPMT Holdings Berhad Launches IPO Prospectus

Location: Sheraton Imperial Kuala Lumpur Hotel
17 May 2019

KUALA LUMPUR, 17 May 2019 – HPMT Holdings Berhad (“HPMT”), in conjunction with its listing on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Malaysia”), launched its prospectus today at the Sheraton Imperial Kuala Lumpur Hotel. The launch is in conjunction with HPMT’s initial public offering (“IPO”) of 116.6 million HPMT shares with an issue/offer price of RM0.56 per share. Upon listing on the Main Market of Bursa Malaysia, HPMT’s market capitalisation is estimated to be RM184.0 million.

The 116.6 million HPMT shares will be apportioned in the following manner:
• 16.4 million shares will be to the Malaysian public
• 8.3 million shares to HPMT eligible directors and employees
• 59.0 million shares to institutional and selected investors
• 32.9 million to Bumiputera investors approved by the Ministry of International Trade and Industry

Hong Leong Investment Bank Berhad has built overwhelmingly strong demand from local institutional investors. This marks a strong vote of confidence by the investment community towards HPMT’s story.

The IPO exercise will raise RM42.3 million, of which RM34.0 million has been earmarked for the purchase of new machinery while RM2.9 million will be used as working capital.

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