RM14mil IPO proceeds seen for Techfast


  • Business
  • Wednesday, 18 May 2005

TECHFAST Holdings Bhd, a manufacturer of self-clinching fasteners (SCF), expects to raise RM14.43mil from its listing on the Mesdaq market. 

From the proceeds, RM5mil would be for acquisition of plants and machineries, RM1mil for research and development, RM6.93mil for working capital and RM1.5mil for estimated listing expenses, group managing director Jason Yap Yoon Sing said. 

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

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