KUALA LUMPUR: Rubber processor and trader Seng Fong Holdings Bhd, en route to list on Bursa Malaysia’s Main Market on July 7, plans to raise RM68.11 million from its initial public offering (IPO).

The IPO entails an issue of 160.87 million ordinary shares – comprising a public issue of 90.81 million new shares and an offer for sale of 70.06 million existing shares – at an issue price of 75 sen per share.