Swiftlet to invest US$20m in US manufacturing plant

KUALA LUMPUR: Swiftlet Eco Park Holdings Sdn Bhd, a local maker of bird's nest products en route for a listing on the Nasdaq, plans to build a US$20 million (RM75 million) manufacturing plant in the US.

The initial public offering (IPO) is expected to raise about US$30 million (RM112.5 million) and conducted within two years, he said after the signing of a Memorandum of Understanding with QMIS Finance Securities Corporation here on Monday.