Eversafe Rubber Bhd which IPO is up for a starting today, analysis an audited profit of RM566,143 on the back of RM19.6 million.

Closing of IPO application is on April 10, with a tentative listing date on the ACE-markets on April 21.

Multi Management and Future Solutions Malaysia: Tire retreading arrangements supplier, Eversafe Rubber Bhd which first sale of stock (IPO) is up for the taking beginning today, announced a reviewed benefit of RM566,143 on the back of RM19.6 million, for the money related year finished 31 December 2016. 

"For the most part, our deals for the principal half of the year will be slower when contrasted with the second half, because of the merry seasons and open occasions in both Malaysia and China," said the organization in an announcement presented on Bursa Malaysia. 

"We for the most part observe our business grabbing in the second 50% of the year. Other than this be that as it may, the gathering does not encounter whatever other material regularity or patterned impacts in deal." 

The gathering likewise announced China as its primary income patron additionally for same period at RM10.7 million, trailed by Malaysia at RM8.57 million and Japan at RM3.4 million. 

Its IPO which is available to be purchased today includes the issuance of up to 78 million shares, 48 million of which will be open issues; 12.5 million will be for the Malaysian open; 11.5 million for qualified executives, workers and people who have added to the achievement of Eversafe; and 24 million will be for institutional and chosen financial specialists by method for private arrangement. 

The rest of made up of an offer available to be purchased of up to 30 million existing shares to institutional and chose speculators (six million) and bumiputera financial specialists (24 million). 

The greater part or 67.4 for every penny of the returns to be raised will be utilized for interests in new assembling lines and assembling computerization frameworks inside two years. 

Shutting of IPO application is on April 10, with a speculative posting date on the ACE-showcases on April 21.

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