Jul 2014

value

RM93 million

Heng Huat Resources Group Berhad (“Heng Huat”) successfully listed on the Main Market of Bursa Malaysia Securities Berhad on 25 July 2014.

Heng Huat is an integrated manufacturer of oil palm and coconut biomass products in Malaysia.

Market capitalisation upon listing was RM93 million, debuting at 61 sen, a premium of 36% over its offer price.

The company raised approximately RM21 million through the issuance of new shares at RM0.45 per share, with significant demand from both institutional and retail investors, reflecting strong confidence in Heng Huat’s business model and growth prospects.

WYNCORP was appointed as the Corporate Finance Adviser for the IPO, providing strategic guidance throughout the IPO process.