Its subsidiary is engaged in the provision of electronics manufacturing services for the automotive markets predominantly in Malaysia, where they undertake design and development, procurement and manufacturing as well as after-sales services in respect of the assembly and production of fully-assembled electronic products.
Founded in 1989, Senheng has grown its retail network to 104 stores across Peninsular and East Malaysia and is supported by various online retail platforms.
Unless otherwise stated, the definitions used in this announcement shall carry the same meaning as those defined in the Prospectus issued by Senheng New Retail Berhad dated 29 December 2021. Applications will be accepted from 10.00 a.m. on 29 December 2021 and will close at 5.00 p.m. on 10 January 2022.
Senheng is expected to list on the Main Market of Bursa Malaysia on Jan 25 and is slated to be the first Main Market listing for the year. Executive chairman Lim Kim Heng said: “The oversubscription of Senheng’s IPO indicates the public confidence our over 30-year
Meanwhile, TA Securities initiated coverage of Senheng in a research note on Jan 6, with a target price of RM1.21, representing a 13.08% or 14 sen premium to its IPO price of RM1.07.
An Initial Public Offering (IPO) allows a company to raise capital DATE OF LISTING (* Tentative) Opening Closing Public. SENHENG NEW RETAIL BERHAD: 29 Dec 2021
IPO SENHENG NEW RETAIL BERHAD – Detail Tawaran Awam. MAIN MARKET ISSUE PRICE RM1.07 Opening of application : 29/12/2021 Closing of application : 10/1/2022 Tentative listing date : 25/1/2022 IPO Advisor :MERCURY SECURITIES SDN BHD . SUMBER WEBSITE TIIH . Sejarah IPO Senheng New Retail Berhad
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