KUALA LUMPUR: Teladan Setia Group Bhd
, which is scheduled for a listing on the ACE Market of Bursa Malaysia on March 16, aims to raise RM77.3mil from its initial public offering exercise.
From the proceeds, RM35mil will go to land aquisition in Melaka while RM33.1mil will go towards working capital for project development, and the remainder to repay borrowings and cover listing expenses.
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