Nestcon to raise RM45.1m from ACE Market listing

Nestcon Group MD Datuk Dr Lim Jee Gin (centre) unveiling the prospectus with Nestcon finance director Lim Joo Seng (third from left) and M&A Securities head of corporate finance Gary Ting (third from right], alongside other key senior Nestcon management officials. (This photo was taken before the full MCO).

KUALA LUMPUR: Building and infrastructure construction services provider, Nestcon Bhd plans to raise about RM45.10mil from its proposed listing on the ACE Market.

In a statement on Tuesday, it said the IPO involves a public issuance of 161 million new shares priced at 28 sen per share, to partly fund its expansion plans.