Senheng New Retail Berhad (“Senheng”) recently launched its prospectus ahead of its listing on Bursa Malaysia’s Main Market involving the public issuance of 250 million shares and an offer-for-sale of 139.5 million existing shares at an issue price of RM1.07 per share to raise an estimated RM267.5 million.  Of the 250 million new shares, 149.5 million shares will be placed out to institutional and selected investors, while 48 million shares will be placed out to bumiputera investors approved by the Ministry of International Trade and Industry (MITI). Another 22.5 million shares will be made available for application by eligible directors, employees and persons who have contributed to the group’s success. The remaining 30 million new shares will be made available for application by the Malaysian public via balloting.  Meanwhile, 139.5 million offer-for-sale shares will be placed out to bumiputera investors approved by MITI.  If you are looking at Senheng with...