Better prospects expected for Ecomate

From left: M&A Securities Sdn Bhd head of corporate finance Gary Ting, Ecomate managing director Jason Koh Jian Hui, Ecomate executive director Koh Cheng Huat and Ecomate chairman Tan Sri Hussin Ismail.

KUALA LUMPUR: Johor-based ready-to-assemble furniture (RTA) manufacturer, Ecomate Holdings Bhd, which is enroute to a listing on the ACE Market, will be using the funds raised from the equity market to fund its expansion plans.

The company which is based in the town of Muar will raise some RM16.2mil from the initial public offering (IPO) exercise.