PETALING JAYA: Main market-bound Advancecon Holdings Bhd
has signed an underwriting agreement with RHB Investment Bank Bhd for the latter to be its principal adviser, underwriter and placement agent for the company’s proposed initial public offering (IPO) exercise.
In a statement yesterday, the earthworks and civil engineering services specialist said the proceeds from its IPO will mainly be used for capital expenditure, working capital, repayment of borrowings and defraying of listing expenses.
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