KLSE second board candidate Scomi Group Bhd expects to raise RM17mil from its flotation, scheduled for the second quarter this year.
“Proceeds from the listing exercise will be used as working capital to expand our core oil and gas engineering operations,'' president and chief executive officer Shah Hakim Zain said after signing the underwriting agreement with RHB Sakura Merchant Bankers Bhd in Kuala Lumpur yesterday.
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