KUALA LUMPUR: Construction firm Inta Bina Group Bhd, which is en route to a listing on the Ace Market on May 25, aims to raise RM26.76mil from its initial public offering (IPO) exercise.
Managing director Paul Lim said that out of the total proceeds, RM5mil would be used to invest in the Industrialised Building System (IBS) and various machinery, RM9mil to pay bank borrowings, RM9.56mil for general capital requirements and the remaining RM3.2mil to defray listing expenses.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!