Listing Detail:
Listing Sought: ACE Market
Issue Price: RM 0.23

Dates:
Offer Period Open: 28 Jun 2018
Offer Period Close: 10 Jul 2018
Tentative listing date: 24 Jul 2018

Number of shares:
Public Issue: 128,080,000
Offer for Sale: 12,000,000
Private Placement: 95,980,000

Stock Code: RGTECH

Official Announcement

INITIAL PUBLIC OFFERING ("IPO") IN CONJUNCTION WITH THE LISTING OF RADIANT GLOBALTECH BERHAD ("RADIANT GLOBALTECH" OR THE "COMPANY") ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") COMPRISING:-

(I) PUBLIC ISSUE OF 128,080,000 NEW ORDINARY SHARES ("SHARES") IN THE FOLLOWING MANNER: 11,000,000 NEW SHARES MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; 21,100,000 NEW SHARES MADE AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP; AND 95,980,000 NEW SHARES MADE AVAILABLE BY WAY OF PLACEMENT TO SELECTED INVESTORS; AND

(II) OFFER FOR SALE OF 12,000,000 EXISTING SHARES BY WAY OF PLACEMENT TO SELECTED INVESTORS;

AT AN IPO PRICE OF RM0.23 PER SHARE, PAYABLE IN FULL UPON APPLICATION.

Company Overview

Radiant Globaltech commenced operations in 1994 in the trading of retail hardware such as POS terminals, barcode printers and scanners, POS printers and handheld terminals. It has since evolved to become a total solution including retail hardware, retail software, as well as maintenance and technical support services.

Address & Contact:

Unit 03-06 & 03-07, Level 3, Tower B, Vertical Business Suite, Avenue 3,
Bangsar South, No.8, Jalan Kerinchi, 59200 Kuala Lumpur, Malaysia

Tel : +603-2242 2059
Email:  info@rgtech.com.my

URL: https://rgtech.com.my/

News: Radiant Globaltech debuts at 50 sen, 27 sen premium on ACE Market

Radiant Globaltech was incorporated in Malaysia under the Act on 10 July 2003. We received our MSC-Malaysia status on 9 December 2014.

KUALA LUMPUR: Radiant Globaltech Bhd made its debut on the Bursa Malaysia Ace Market on Tuesday at 50 sen, for a 27 sen premium above its issue price of 23 sen a share.

A total of 10.55 million shares changed hands at the opening bell.The retail technology solutions provider is expected to raise RM29.5 million through this listing.

Managing Director Paul Yap Ban Foo said of the proceeds, RM14.6 million would be allocated for business and capital expansion (RM10 million for Malaysia, RM1.6 million for Vietnam and the rest for other software expansion).

The balance proceeds comprise RM4.8 million to be utilised for working capital, RM6.6 million for repayment of bank borrowings and RM3.5 million for listing expenses, he said.

Yap said the company planned to expand its customer base to bolster revenue stream and open up new possibilities in various industry segments.

"Given our strong track record, wide portfolio and proven capabilities, we are optimistic of securing more customers going forward," he told a press conference after the listing today.

Yap said Radiant Globaltech also aimed to extend its expertise to different retail customer types, such as shopping centres, airports and utilities to diversify the revenue base moving forward.

He also said the company eyed opportunities to serve food and beverage (F&B) retail chains directly, building on its current scope of services provided through third parties.

"We believe this strategy will enable us to grow alongside the healthy and recession-proof sector, hence, reinforcing our position in the retail technology solutions market," he added.

-- Bernama