KUALA LUMPUR: Main board candidate Alam Maritim Resources Bhd
(AMRB), involved in providing offshore support vessels and services, plans to expand its fleet with proceeds from its listing exercise.
Managing director Azmi Ahmad said the company hoped to raise about RM48mil from its initial public offering (IPO) and use the proceeds to acquire new vessels and repay bank borrowings as well as for working capital and listing expenses.
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