EITA to raise RM17.5mil from IPO to set up new elevator plant

KUALA LUMPUR: EITA Resources Bhd, en route to a listing on the Main Market of Bursa Malaysia, expects to raise RM17.5mil in proceeds from its initial public offering (IPO), in a bid to set up a new elevator manufacturing facility.

The group manufactures elevators under the brand EITA-Schneider and also manufactures and distributes various electrical and electronics components for buildings and commercial projects.