KUALA LUMPUR: SCH Group Bhd, which is en-route for a listing on the ACE Market of Bursa Malaysia, expects to raise RM 20.86mil from its initial public offering (IPO).
It said on Tuesday that of the total gross proceeds, RM10mil will be used for capital expenditure including building the group's new operation facility, RM5mil to purchase new quarry machinery and quarry equipment as inventories for its distributions and supply of quarry machinery and quarry equipment business segment, RM3.86mil for working capital while RM2mil for listing expenses.
