D&O Ventures Bhd plans to raise RM39mil from its listing on the second board of Bursa Malaysia Bhd in November, which will be used mainly to fund its future growth and expansion.
Group managing director Tay Kheng Chiong said some RM30mil would be invested in production equipment and tooling as well as on factory expansion. It will also use RM3mil of the proceeds for research and development.
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