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Haily IPO oversubscribed by 38.81 times

KUALA LUMPUR, Jul 12, 2021 - (ACN Newswire via SEAPRWire.com) - Haily Group Berhad's ("Haily") IPO exercise comprises:(from left) Haily Group Berhad Executive Director Ms See Swee Ling, Haily Group Berhad Founder & Executive Director Mr See Tin Hai, and Haily Group Berhad CEO & Executive Director Mr Yoong Woei Yeh at the Balloting Ceremony of the Company in conjunction with its listing on the ACE Market of Bursa Malaysia Securities(A) Public issue of 30,000,000 new ordinary shares in HAILY ("Public Issue Shares") in the following manner:i. 8,920,000 new Public Issue Shares for application by the Malaysian public:ii. 10,000,000 new Public Issue Shares for application by the eligible directors and employees of HAILY and its subsidiaries ("Group") and persons who have contributed to the success of the Group;iii. 11,080,000 new Public Issue Shares by way of private placement to selected investors in the following manner; and- 5,100,000 Public Issue Shares to selected Bumiputera investors approved by Ministry of International Trade and Industry ("MITI"); and- 5,980,000 Public Issue Shares to selected investors.(B). Offer for sale of 18,000,000 existing ordinary Shares in HAILY (...

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Haily Group Berhad aims to raise RM20.4 million from IPO

KUALA LUMPUR, Jun 30, 2021 - (ACN Newswire via SEAPRWire.com) - Haily Group Berhad ("Haily" or the "Group") aims to raise RM20.4 million from its upcoming listing on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") through an Initial Public Offering ("IPO") exercise.(from left) Haily Group Berhad Executive Director Ms See Swee Ling, Haily Construction Sdn Bhd Director Mdm Kik Siew Lee, Haily Group Berhad Founder & Executive Director Mr See Tin Hai, and Haily Group Berhad CEO & Executive Director Mr Yoong Woei YehHaily is principally a main contractor involved in building construction of residential and non-residential buildings in the Southern Region of Peninsular Malaysia, in particular, Johor and is also involved in the provision of rental of construction machinery. Haily has completed approximately 65 building construction projects with a total contract value of RM1.29 billion since 2008. As a Grade 7 contractor with CIDB, this allows the Group to bid and carry out any size of building construction projects irrespective of the contract value. Haily's clients include subsidiaries of public listed companies such as Mah Sing group of companies, Countr...