- What is the purpose of Tune Ins Holdings Berhad’s IPO?
On 23 September 2013, Tune Ins Holdings Berhad (TIHB), an insurance products provider, announced a press release regarding the prospectus for its Initial Public Offering (IPO). TIHB announced it’s listing on the Main Market of Bursa Malaysia Securities Berhad (Bursa Securities). Under this IPO, TIHB will sell up to 210,224,900 ordinary shares to Malaysian and some particular influential investors, including Bumiputera investors approved by the Ministry of Finance (Tune Insurance). As per to the prospectus in the press release, earnings of the IPO procedure will ...
