Senheng seeks Main Market listing

Senheng New Retail Lim Kim Heng

KUALA LUMPUR: Senheng New Retail Bhd has signed an underwriting agreement with Mercury Securities Sdn Bhd, CIMB Investment Bank Bhd and AmInvestment Bank Bhd to launch its plans to list on the Main Market of Bursa Malaysia.

The group said in a statement that it intends to use a majority of its initial public offering (IPO) proceeds to fund the enhancement of its in-store shopping experiences through the opening of new stores and upgrading of existing stores.