Croesus IT (KLSE:CIH) plans to list on the LEAP Market of Bursa Malaysia via an introduction, with no funds to be raised from the exercise, according to a Tuesday Malaysian bourse filing.
The listing will involve its entire issued share capital of 2.5 million ringgit, comprising 100 million shares at a reference price of 0.12 ringgit, valuing the company at 12 million ringgit.
The listing aims to enhance the company's profile and facilitate future fund-raising, the filing said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.