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Volcano Posts Revenue of RM17 66 Million in First Interim Statement Post-Listing
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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:
17 Mar 2021 / 09:31 H. Group will also expand its factory in Rayong, Thailand to further grow their presence in the E&E and automotive industries in the country.
PETALING JAYA: Volcano Bhd, an international manufacturer of nameplates and plastic injection moulded parts, is aiming to raise RM8.75 million from its ACE Market IPO.
The IPO involves a public issue of 25 million IPO shares and an offer for sale of 35 million shares at the issue price of 35 sen per share, entailing 8.25 million new shares will be available for application to the Malaysian public, 8.25 million new shares allocated for eligible directors, key senior management, employees and business associates, and 8.5 million new shares will be offered by way of private placement to identified investors.
KUALA LUMPUR (March 16): Volcano Bhd, an international manufacturer of nameplates and plastic injection moulded parts, is seeking to raise RM8.75 million from its initial public offering (IPO).
In a statement, it said the group plans to utilise RM5.55 million from the proceeds for machinery and equipment purchase, while RM3.2 million is allocated for listing expenses.
The company today launched its prospectus for the listing exercise on Bursa Malaysia’s ACE Market, which involves a public issue of 25 million shares and an offer for sale of 35 million shares at an issue price of 35 sen per share.
Volcano managing director Datuk Ch’ng Huat Seng said the proceeds would go towards acquiring laser-cutting and pick-and-paste machines to improve the efficiency and capability of the nameplate manufacturing process.
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