KUALA LUMPUR: Construction and property developer Gabungan AQRS Bhd
will utilise about RM73.16mil from the proceeds of its initial public offering (IPO) for expansion activities.
CEO Alvin Ng Chun Kooi said about RM30.46mil would be allocated for working capital, RM25mil to acquire new land bank, RM12mil to acquire a corporate headquarters and the remaining RM5.7mil would be used for listing expenses.
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