AWC Facility Solutions Bhd, which is scheduled to assume the listing status of Trans Capital Holding Bhd on the KLSE second board at the end of next month, aims to increase the company's exposure to commercial buildings to 5% in three years from less than 1% now, its executive director Harry Menon said.
Speaking at the signing of the underwriting agreement for the company's shares in Kuala Lumpur yesterday, he said the proceeds from AWC's share offer of RM13.26mil would be used to pay the preference creditors of Trans Capital (RM10mil) and the balance for listing expenses and working capital.