BUKIT MERTAJAM (Bernama): The Pelita Group of Companies plans to launch an initial public offering (IPO) on the ACE Market of Bursa Malaysia to fund their business expansion and capital expenditure by next year.
Pelita Samudra Pertama (M) Sdn Bhd executive director Datuk KK Sihabutheen said 30% of the company's stock would be put up on the market, adding it would take at least 18 months to get the company listed on the Malaysian stock exchange.
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