MKH Oil Palm Bhd has planned to issue 250.7 million shares in its planned initial public offering on Bursa Malaysia’s Main Market.PETALING JAYA: MKH Oil Palm Bhd will be issuing 250.7 million shares in an initial public offering on Bursa Malaysia’s Main Market.
The company, which has yet to reveal the date and issue price of its IPO, will allocate the remaining 168.79 million new shares and 30.7 million existing shares to selected investments. Formerly known as MKH Global Plantation Sdn Bhd and Detik Merdu Sdn Bhd, MKHOP was converted into a public company limited by shares on Aug 11, 2022.
Following the IPO, it is projected that MKH and its subsidiaries will own 63.07% of MKHOP. The other expected stakeholders are the Malaysian public and selected investors , entitled shareholders , PT Hikmat Aliran Sukses and Ivakijaya Sdn Bhd .