KUALA LUMPUR (Nov 19): Orkim Bhd, an oil and gas shipping company owned by Ekuiti Nasional Bhd (Ekuinas), launched its Main Market initial public offering (IPO) on Wednesday, aiming for a RM920 million market value.

The IPO is priced at 92 sen per share and is expected to raise RM92 million for the company to expand its fleet of vessels.

Applications for the IPO will close on Nov 26, with the company scheduled for listing on Dec 9.

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