The company, which is involved in the business of events, exhibitions and décor services to customers in various industries, raised total gross proceeds of $6.5 million from the placement of 32.5 million shares at 20 cents per share.
Based on the invitation price and the post-invitation share capital of the company of 200 million
shares; the company’s post-IPO market capitalisation is $40.0 million.
Dezign Format says that it attracted commitments from various institutional investor groups, such as Asdew Acquisitions, Lion Global Investors, Maybank Asset Management, Nikko Asset Management, Pheim Asset Management and Ginko-AGT Global Growth Fund.
Shares in Dezign Format closed flat at 28 cents on Aug 15.
