Steel Hawk plans to raise RM3.2mil from LEAP Market listing

From left to right: Steel Hawk Bhd executive director/COO (onshore) Salimi Khairuddin, executive director/ human resource and administration director Datin Annie V Sinniah, executive director/CEO Datuk Sharman Kristy Michael, chairperson and independent non-executive director Haslinda Hussein and executive director/ COO (offshore) Khairul Nazri Kamarudin

KUALA LUMPUR: Oil and gas support services provider Steel Hawk Bhd aims to raise RM3.2mil from a listing on the LEAP Market of Bursa Malaysia to fund its expansion plans.

In a statement issued in conjunction with the launch of its information memorandum, the group said the listing exercise involves the placement of 16 million shares or 10% of its enlarged issued share capital to selected sophisticated investors at 20 sen per share.