Listing Detail:
Listing Sought: LEAP Market
Issue Price: RM0.13

Dates:
Listing date: 22 Jul 2019

Number of shares:
Private Placement: 27,500,000
 

Stock Code: BABA

Announcement

INFORMATION MEMORANDUM IN RELATION TO THE PROPOSED EXCLUDED ISSUE OF 40,600,000 NEW ORDINARY SHARES TO SOPHISTICATED INVESTORS WITHIN THE MEANINGS OF SECTION 230 OF THE CAPITAL MARKETS AND SERVICES ACT 2007, AT AN ISSUE PRICE OF RM0.13 PER SHARE IN CONJUNCTION WITH ITS PROPOSED LISTING ON THE LEAP MARKET OF BURSA MALAYSIA SECURITIES BERHAD
 

Company Overview

Baba Eco Group Berhad, an investment holding company, provides gardening supplies under the Baba brand name. The company’s Manufacturing segment manufactures and trades in biodegradable flower pots, planting media, and other plastic-injection-molding products. Its Merchandising segment processes and trades in organic fertilizers and natural pesticides, as well as trades in gardening accessories, seeds, and agricultural products. It has operations in Malaysia, Singapore, and internationally. Baba Eco Group Berhad was founded in 1987 and is based in Simpang Ampat, Malaysia.


Address:

1384, Atas Lot 841, MK-1, Jalan Tasek, Simpang Ampat
14120 Seberang Perai Selatan, Malaysia.

Tel: 04-5886042 (Marketing) / 04-5871893 (HR)
Fax: 604-588 0907
Email: marketing@baba.com.my
Website: https://www.baba.com.my/

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.