KUALA LUMPUR- China Automobile Parts Holdings Ltd (CAP-Bermuda) signed an underwriting agreement yesterday with AmInvestment Bank Bhd and M&A Securities Sdn Bhd to facilitate CAP-Bermuda's listing on the Main Market of Bursa Securities by end-January.
The automobile chassis components manufacturer would issue 90 million new shares, of which, 30 million shares would be made available to the Malaysian public via balloting while the remaining 60 million shares have been earmarked for private placement to selected investors.
As part of the listing exercise, CAP-Bermuda’s substantial shareholder, China Automobile Parts (BVI) Co. Ltd., would also offer for sale 60 million shares to selec
ted investors via private placement, it said in a statement.
China Auto Parts inks pact with AmInvestment
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