LY Corporation Limited ("LY Corporation" or the "Company") is placing out 75.848m shares comprising 61.174m new shares and 14.674m vendor shares at $0.26 each. There is no public tranche, as such, providing little motivation for me to review it …💤 The IPO will close on 29 Jan 2018 at 12pm and commences trading on 31 Jan 2018. The market cap will be S$127m.
The Company was started by Tan Kwee Chai in 1976 with 8 employees more than 40 years ago and has since grown to a company with more than 1,000 employees. It has become one of Malaysia's leading manufacturers and exporters of wooden bedroom furniture. As of 15 Dec 2017, the Company operates 15 factories and warehouses and sold its products to overseas dealers.
The Company manufactures quite a wide array of bedroom furniture and you can see some of the products …