How will Optimax use RM21 million IPO proceeds across priorities?

Question

Accepted Answer

Optimax Will Allocate RM21 Million IPO Proceeds Across Capital Expenditure, Debt Repayment, Working Capital, and Listing Expenses

Optimax Holdings Bhd intends to utilise the RM21 million raised from its initial public offering (IPO) across four key areas. The largest portion, 49.31 per cent or RM10.35 million, is earmarked for capital expenditure. A further 16.76 per cent, amounting to RM3.52 million, will be used for the repayment of borrowings. Additionally, 16.79 per cent, or RM3.53 million, has been allocated for working capital, with the remaining 17.14 per cent, totalling RM3.60 million, designated to cover listing expenses.
Capital Expenditure to Drive Network Expansion

The majority of the IPO funds, specifically RM10.35 million, will be directed towards capital expenditure. This investment is intended to expand the group's ambulatory care centre network, including the conversion of its existing Seremban specialist centre into an ambulatory care centre. Furthermore, plans include upgrading other existing centres by acquiring new equipment to enhance services and increase capacity.
Debt Reduction and Operational Funding

A significant portion of the proceeds, RM3.52 million, is allocated for the repayment of borrowings. This move aims to strengthen the company's financial structure. Another RM3.53 million has been set aside for working capital, which will support the day-to-day operational needs of the business.
Covering IPO-Related Costs

The company has allocated RM3.60 million from the IPO proceeds to cover the expenses associated with its listing on the ACE Market. These costs are a necessary component of the fundraising process and are typical for companies undertaking an initial public offering.

Reading history

Hide →

This history is cleared when the page is closed.

How will Optimax use RM21 million IPO proceeds across priorities?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends