Listing Detail:
Listing Sought: LEAP Market
Issue Price: RM0.18

Dates:
Listing date: 11 Dec 2018

Number of shares:
Units: 47,997,400
 

Stock Code: MFGROUP

Announcement

INFORMATION MEMORANDUM IN RELATION TO THE PROPOSED PLACEMENT OF 47,997,400 ORDINARY SHARES IN MANFORCE GROUP BERHAD AT AN INDICATIVE ISSUE PRICE OF RM0.18 PER PLACEMENT SHARE IN CONJUNCTION WITH ITS PROPOSED LISTING ON THE LEAP MARKET OF BURSA MALAYSIA SECURITIES BERHAD

Company Overview

Manforce Group Berhad is founded in 2004. The company is principally involved in the provision of foreign worker management services, manual labour services as well as foreign worker insurance products and services. These foreign workers are mainly supplied to the manufacturing sector in Malaysia as there was a growing demand for foreign workers required to undertake various manufacturing activities, which are labour intensive.

Address:

No.13-02, Jalan PJU 5/20E, Pusat Perdagangan Kota Damansara, 47810 Petaling Jaya, Selangor, Malaysia

Tel: +603-6142 2222
Fax: +603-6142 4550
Email: info@manforce.net
Website: http://www.manforce.net

LEAP Market

The LEAP market is an alternative platform for small and medium enterprises (SMEs) to raise capital in an efficient, fast, and transparent marketplace for their business growth.

Additionally, the LEAP market gives them the visibility of being a listed entity and assists these companies in their transformation to better governance and operational standards.

Trading on the LEAP market is limited to sophisticated investors, who are categorised as accredited investors, high net worth entities with total net assets exceeding RM10mil, or high net worth individuals whose net personal assets exceeds RM3mil or gross annual income exceeding RM300,000.