Sona Petroleum aims for RM550 million IPO for E&P assets


Dateline 2013-07-06:

Sona Petroelum Bhd (Sona Petroleum) yesterday launched its prospectus in conjunction with the company’s listing of and quotation for its entire issued and paid-up ordinary share capital together with warrants on the Main Market of Bursa Malaysia Securities Bhd (Bursa Malaysia).

Sona Petroleum’s initial public offering (IPO) will involve an offering of a total of up to 1.1 billion new ordinary shares of RM0.01 each in Sona Petroleum (public issue shares) together with up to 1.1 billion free detachable warrants attached on the basis of one Warrant to every one public issue share issued, at an issue price of RM0.50 per public issue share.

The company aims to raise up to RM550 million through its IPO. Upon listing, Sona Petroleum is expected to have a market capitalisation of up to approximately RM705.4 million.

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This entry was posted on Sunday, August 4th, 2013 at 6:00 am and is filed under investment, Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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