From left: TA Securities head of corporate finance Dominic Seah, executive director of operations Tah Heong Beng, Feytech executive director Tan Sun Sun, executive director and CEO Connie Goh, AmInvestment Bank CEO Tracy Chen Wee Keng and deputy CEO Christopher Ng Kok Wai
Of the public issue shares, 42.16 million will be made available to the Malaysian public via balloting, 25.3 million will be allocated to eligible directors, employees and persons who have contributed to the success of Feytech Group, while the remaining 75.87 million shares will be allocated by way of private placement to selected investors.
Feytech said the proceeds of the IPO will be utilised to part finance the acquisition of land and the construction of a new corporate office with manufacturing plant and warehouse in Klang Valley with an approximately build-up area of 85,000 sq ft. The total manufacturing space and storage space for Feytech Group’s manufacturing of automotive seats is expected to increase by approximately 55,000 sq ft upon the completion of the construction of Kulim Plant 2.
Feytech IPO Underwriting TA Securities Aminvestment Bank
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