Century Software Holdings Berhad launched it's IPO prospectus in Kuala Lumpur today.
Century Software's IPO entails a public issue of 23 million new ordinary shares and an-offer-for-sale of 10.9 million vendor shares at an issued and offer price of 93 sen each. Of the public issue of 23 million new ordinary shares, 5.8 million shares for eligible directors, employees and business associates, 8.55 million shares are for private placement, and 8.65 million shares for the Malaysian public via a balloting process.
The company hopes to be listed on the Main Market of Bursa Malaysia Securities Bhd by the end of January 2011.
Kenanga Investment Bank Bhd is the advisor, underwriter and placement agent for the IPO.
