Volcano Berhad Launches Prospectus for IPO
- 95.83% sales to foreign market, 90% MNCs/public listed companies in FYE 2020
- IPO proceeds to expand capabilities and market share in the E&E and Automotive industry
KUALA LUMPUR, Mar 17, 2021 - (ACN Newswire) - Volcano Berhad ("Volcano" or the "Group"), a leading international manufacturer of nameplates and plastic injection moulded parts, has successfully launched its prospectus for the Group's listing on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities").
Volcano Berhad's factory in Rayong, Thailand
Volcano's initial public offering ("IPO") involves a public issue of 25.0 million IPO shares and an offer for sale of 35.0 million shares at the issue price of RM0.35 sen per share, made available for application in the following manner: