Johore Tin to use IPO proceeds for tin can plant


  • Business
  • Wednesday, 20 Aug 2003

JOHORE Tin Bhd (JTB) will use part of the expected RM9.8mil gross proceeds from the group’s proposed listing on the KLSE second board to fund the construction of a new tin can manufacturing factory in Senai, Johor. 

“The construction of the new plant is expected to commence in the second quarter of 2005 for completion by the end of 2005,’’ its managing director Edward Goh said. 

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