MGN News & Events

Megan Holdings, a Malaysia-based company principally engaged in the development, construction, and maintenance of aquaculture farms and related works, priced 1.25M shares at $4.00. The IPO priced at the low end of its $4.00-$6.00 range. The company expects proceeds from the offering will be used for: sales and marketing; expansion opportunities through merger and acquisition activities; development of its "Smart Farming System" and general working capital and corporate purposes. D. Boral Capital acted as sole book running manager for the offering.

The IPO priced at the low end of its $4.00-$-6.00 range. The company expects to receive aggregate gross proceeds of $5M from the offering, before deducting underwriting discounts and other related expenses. Proceeds from the offering will be used for: (i) sales and marketing; (ii) expansion opportunities through merger and acquisition activities; (iii) development of our "Smart Farming System" and (iv) general working capital and corporate purposes. D. Boral Capital acted as sole book running manager for the offering.