KUALA LUMPUR: World's largest condom manufacturer, Karex Bhd, en route to a listing on Bursa Malaysia on Nov 6, aims to raise RM75mil from sales of its 40.5 million new shares at RM1.85 each.
Chief executive officer, Goh Miah Kiat, said from the total proceeds, RM42mil will be used for capital expenditure, RM14mil for working capital, RM10mil to repay bank borrowings, RM5mil for listing expenses and RM4mil for research and development.
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