Red Sena seeks $115m in Spac listing

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By John Loh
15 Dec 2014

A new special purpose acquisition vehicle (Spac) is looking to raise money in Malaysia, this time in the food and beverage sector. Red Sena has filed a draft prospectus with the country’s Securities Commission for a MR400m ($115m) listing expected in the first half of 2015.

The company plans to issue 800m primary shares at MR0.50 apiece, together with an equal number of warrants. It will debut with a market capitalisation of MR500m.

“There isn’t a firm timeline yet for when the listing will launch, as we are waiting for the Securities Commission's green ...

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