Wednesday, November 7, 2012

fara_nadeera@yahoo.com has shared: Hiap Huat to raise RM17mil from IPO | theSundaily

Hiap Huat to raise RM17mil from IPO | theSundaily

Source: thesundaily.my

KUALA LUMPUR (Nov 5, 2012): Hiap Huat Holdings Bhd, enroute to a listing on the ACE Market of Bursa Malaysia, aims to raise RM17 million from its initial public offering (IPO). Group chairman Zulkifly Zakaria said about RM8.2 million from the proceeds would be channelled for working capital. "Other than working capital, we will use RM4.5 million for capital expenditure, RM2.3 million to fund the listing process while the remaining RM2.0 million will be used for repayment of bank borrowings," he ...

 

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