KUALA LUMPUR: MN Holdings Bhd (MNHB) plans to raise RM17.2mil from its listing on the ACE Market of Bursa Malaysia for business expansion.
The underground utilities and substation engineering specialist said of the proceeds, RM5.84mil will go towards purchasing machinery and equipment, RM4.3mil for general working capital and the remainder to repay bank borrowings and cover the listing expenses.
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