Flexidynamic Holdings Berhad (“Flexidynamic”) which is principally involved in the design, engineering, installation and commissioning of glove chlorination systems for the glove manufacturing industry – aims to raise up to RM15.05 million in proceeds at its upcoming initial public offering (IPO) on 30 March 2021. If you are looking at Flexidynamic with interest, here are 9 things to know before you invest.
- Group structure and business model
Flexidynamic was incorporated as a special purpose vehicle to facilitate the listing of its subsidiaries, Flexidynamic Engineering and Flexidynamic Thailand, on the ACE Market of Bursa Malaysia. Its group structure is as follows:
(Source: IPO prospectus)
Flexidynamic’s business activities are as follows:
- Design, engineering, installation and commissioning of glove chlorination systems. This is complemented with its in-house manufacturing activities for centrifugal fans;
- Repair, refurbishment and maintenance of glove chlorination systems;
- Trading of replacement parts for glove chlorination systems;
- Design and installation of storage tanks and process tanks; and
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