Listing Detail:
Listing Sought: LEAP Market
Issue Price: RM0.28

Dates:
Listing date: 4 Oct 2019

Number of shares:
Private Placement: 15,600,000
 

Stock Code: GPP

Announcement

INFORMATION MEMORANDUM IN RELATION TO THE EXCLUDED ISSUE OF 15,600,000 NEW ORDINARY SHARES IN GPP RESOURCES BERHAD TO SOPHISTICATED INVESTORS WITHIN THE MEANING OF SECTION 230 OF THE CAPITAL MARKETS AND SERVICES ACT 2007 AT AN ISSUE PRICE OF RM0.28 PER ORDINARY SHARE IN CONJUNCTION WITH ITS PROPOSED LISTING ON THE LEAP MARKET OF BURSA MALAYSIA SECURITIES BERHAD
 

Company Overview

GPP Resources Berhad, together with its subsidiaries, are principally involved in businesses related to the use of biomass to produce renewable energy and oil palm trunk (OPT) products.
 

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.