SOON-TO-BE-LISTED Guan Chong Berhad
(GCB) is to use RM22mil of the expected RM38.5mil proceeds from its upcoming initial public offering (IPO) for its expansion programme.
“Due to rising demand for cocoa, and realising the potential of this industry, we decided to embark on an expansion programme,” managing director of Brandon Tay Hoe Lian said at the signing of an underwriting agreement with AmMerchant Bank Berhad yesterday in conjunction with its proposed listing on the main board of Bursa Malaysia in March.
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