BIOHLDG (0179) - Bioalpha gets Bursa nod for IPO
March 11, 2015 : 6:57 PM MYT
KUALA LUMPUR (Mar 11): Bioalpha Holdings Bhd, a health supplements manufacturer, has obtained approval from Bursa Securities for its proposed initial public offering (IPO) exercise on the ACE Market of Bursa Malaysia.
Its IPO involves a public issue of 100 million new shares of 5 sen each, comprising 20 million shares available for application by the public and 80 million shares by way of placement to selected investors.
In a statement today, Bioalpha’s managing director and chief executive officer William Hon said this will mark a major milestone for Bioalpha, as it will allow the company to bring its growth plans to the next level.
Bioalpha is an integrated health supplements group of companies. The company is an investment holding entity, whose subsidiaries are principally involved in the manufacturing and sales of semi-finished and finished health supplement products as an original design manufacturer (ODM), as well as under its house brands.
Bioalpha’s health supplement products comprise processed herbs, formulated ingredients, functional foods, as well as herbal and non-herbal supplements.
Hon said the listing of Bioalpha will enhance its profile both nationally and internationally, widening its reach and improving its market positioning.
http://www.theedgemarkets.com/en/node/189025
March 11, 2015 : 6:57 PM MYT
KUALA LUMPUR (Mar 11): Bioalpha Holdings Bhd, a health supplements manufacturer, has obtained approval from Bursa Securities for its proposed initial public offering (IPO) exercise on the ACE Market of Bursa Malaysia.
Its IPO involves a public issue of 100 million new shares of 5 sen each, comprising 20 million shares available for application by the public and 80 million shares by way of placement to selected investors.
In a statement today, Bioalpha’s managing director and chief executive officer William Hon said this will mark a major milestone for Bioalpha, as it will allow the company to bring its growth plans to the next level.
Bioalpha is an integrated health supplements group of companies. The company is an investment holding entity, whose subsidiaries are principally involved in the manufacturing and sales of semi-finished and finished health supplement products as an original design manufacturer (ODM), as well as under its house brands.
Bioalpha’s health supplement products comprise processed herbs, formulated ingredients, functional foods, as well as herbal and non-herbal supplements.
Hon said the listing of Bioalpha will enhance its profile both nationally and internationally, widening its reach and improving its market positioning.
http://www.theedgemarkets.com/en/node/189025
