Ecoscience to raise RM24.7mil from ACE Market listing

Ecoscience managing director Wong Choi Ong said the group had benefited and had grown in the past 18 years due to the palm oil industry being regarded as a resilient sector and its substantial role in the global food supply chain. He added the future of the industry continues to be positive based on the global consumption of crude palm oil (CPO)

PETALING JAYA: Ecoscience International Bhd will seek to raise RM24.7mil from its initial public offering (IPO) with the proceeds meant for expansion of its operations and working capital.

The integrated palm oil milling services provider is scheduled to list on the ACE Market of Bursa Malaysia on July 18.