Ramssol targets proceeds of RM25mil from IPO

From left: Independent non-executive chairman Datuk CM Vignaesvaran Jeyandran, group MD and CEO Cllement Tan and non-independent executive director and COO Lee Miew Lan

PETALING JAYA: ACE Market-bound Ramssol Group Bhd aims to raise RM25.1mil in proceeds from its initial public offering (IPO) on July 13, which will go towards funding its business expansion.

Of the proceeds, RM2.5mil will be allocated for business expansion into the Philippines while RM6.3mil will go towards the expansion of employee engagement app Feet’s as well as that of third-party collaboration platform Lark in South-East Asia.