MST Golf aims to raise RM129.6mil from IPO

KUALA LUMPUR: MST Golf Group Bhd planned to raise RM129.6 million from a public issue of new shares as part of its initial public offering (IPO) exercise en route to its listing on Bursa Malaysia’s Main Market on July 20, 2023.

The exercise entailed a public issue of 160 million new shares and an offer for the sale of 68 million existing shares at 81 sen per share.

Executive director and chief executive officer Ng Yap said the group said proceeds from the listing would be mainly used to expand its golf retail footprint and product offerings across the region, particularly in Indonesia, Thailand and Vietnam. - Bernama