ACE Market-bound CEKD plans to raise RM24.28mil from IPO

KUALA LUMPUR:CEKD Bhd, en route to a listing on the ACE Market of Bursa Malaysia on Sept 30, aims to raise RM24.28mil from its initial public offering (IPO) to fund expansion plans including the purchase of a new manufacturing facility and machinery as well as an upgrade of computer systems.

According to a statement accompanying its IPO prospectus, CEKD is a die-cutting solutions provider as well as manufacturer of die-cutting moulds and trader of related consumables, tools and accessories.