Listing Detail:
Listing Sought: LEAP Market
Issue Price: RM0.08

Dates:
Listing date: 7 Aug 2019

Number of shares:
Private Placement: 50,000,000
 

Stock Code: ENEST

Announcement

INFORMATION MEMORANDUM IN RELATION TO THE PROPOSED EXCLUDED ISSUE OF 50,000,000 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 RM0.08 PER SHARE IN CONJUNCTION WITH ITS PROPOSED LISTING ON THE LEAP MARKET OF BURSA MALAYSIA SECURITIES BERHAD.
 

Company Overview

Enest Group Bhd is an investment holding company. The company, through its subsidiaries, Ming Feng Marketing (M) Sdn Bhd and Dynamic Transforms Sdn Bhd, manufacture, market and trade raw bird nest and cleaned bird nest products. "Bai Leng Yen" is a bird nest product brand owned by the company.


Address:

No. 2, First Floor, Jalan Semenyih, Bandar Kajang, 43000 Kajang,
Selangor, Malaysia.
 

Tel: 03-87416609
Email: corporate@enest.com.my
Website: https://bailengyen.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.