Oiltek International Limited ("Oiltek" or the "Company") is offering 22.5m shares at $0.23 each of which 22m will be via Placement and the balance via Public Offer.
The IPO will close on 1 March 2022 at 12 Noon and starts trading on 3 March at 9am. The market cap based on the IPO price will be around $32.89 million
Principal Business
The Company is an established integrated process technology and renewable energy solutions provider in the vegetable oils industry, catering to all types of vegetable oils, including palm oil, soybean oil and rapeseed oil, which are some of the major agricultural commodities in the world. The vision is to be a global leader in this space and create a positive impact for its stakeholders as well as the environment.
Oiltek has over 40 years of industry experience with proprietary process technology and know-how as well as presence in more than 30 countries. According to the prospectus, there are 5 key investment highlights....