APP expects to raise RM4.5mil from listing

CERAMIC pottery and porcelain ware maker APP Industries Bhd, which is en route to a KLSE second board listing, expects to raise RM4.5mil from its share flotation.  

And the company has allocated RM2.1mil of that sum to expand its production plant in Perak, and use the rest of the money to pay off bank borrowings and to meet future working capital needs and listing expenses.