ACE Market-bound Kawan Renergy aims to raise RM33mil from IPO

KUALA LUMPUR: Engineering solutions provider Kawan Renergy Bhd, en route for a listing on the ACE Market of Bursa Malaysia Securities on May 29, 2024, aims to raise RM33 million from its initial public offering (IPO).

Its managing director, Lim Thou Lai said, the group intends to use the proceeds to capitalise on the future demand for industrial process equipment.