SPOTLIGHT
Property360Digest e-magazine Issue # 9 - 2021
( from left ) Haily Group Berhad Executive Director Ms See Swee Ling , Haily Construction Sdn Bhd Director Mdm Kik Siew Lee , Haily Group Berhad Founder & Executive Director Mr See Tin Haily and Haily Group Berhad CEO & Executive Director Mr Yoong Woei Yeh .
Haily Group Berhad aims to raise RM20.4 million from IPO By Sarah Rae
Haily Group Berhad (“ Haily ” or the “ Group ”) aims to raise RM20.4 million from its upcoming listing on the ACE Market of Bursa Malaysia Securities Berhad (“ Bursa Securities ”) through an Initial Public Offering (“ IPO ”) exercise .
Haily is principally a main contractor involved in building construction of residential and non-residential buildings in the Southern Region of Peninsular Malaysia , in particular , Johor and is also involved in the provision of rental of construction machinery . Haily has completed approximately 65 building construction projects with a total contract value of RM1.29 billion since 2008 . As a Grade 7 contractor with CIDB , this allows the Group to bid and carry out any size of building construction projects irrespective of the contract value .
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Haily ’ s clients include subsidiaries of public listed companies such as Mah Sing group of companies , Country View Resources Sdn Bhd , IOI group of companies , IJM Properties Sdn Bhd , as well as other private companies such as WB Land Sdn Bhd , Danau Homes Sdn Bhd and Connoisseur Food Generation Sdn Bhd .
Launching its Prospectus on 30 June 2021 , Haily said the IPO involved a public issue of 30.00 million shares at RM0.68 each which is expected to raise gross proceeds of RM20.40 million .
Of the 30.00 million shares , it is offering 8.92 million shares to the Malaysian public , 10.00 million to its eligible directors , employees and persons who have contributed to the success of the Group , and 11.08 million to selected investors by way of private placement .