Matang listing likely early 2017

PETALING JAYA: Plantation company Matang Bhd is scheduled to be listed on the ACE Market of Bursa Malaysia in the first quarter of 2017, with an estimated RM13mil to be raised from its initial public offering (IPO).

Proceeds from the IPO will be primarily used for general working capital requirements, such as the group’s day-to-day operations and purchase of fertilisers.