Volcano aims to raise RM8.75mil from IPO

KUALA LUMPUR: Volcano Bhd, a manufacturer of nameplates and plastic injection moulded parts, is expected to raise gross proceeds of RM8.75mil from its initial public offering (IPO) en route to a listing on the ACE Market of Bursa Malaysia.

The IPO will involve a public issue of 25 million IPO shares and an offer for sale of 35 million shares at an issue price of 35 sen per share.