ACE Market-bound Leform expects to raise RM71.5mil from IPO

(From left) : Leform non-independent executive director Phang Yew Cheong, Leform independent non-executive chairman Datuk Seri Akhil Bulat, Leform managing director Law Kok Thye, MIDF Amanah Investment Bank Bhd executive director and Malaysian Industrial Development Finance Bhd group managing director Datuk Charon Wardini Mokhzani and MIDF Amanah Investment Bank Bhd chief executive officer Datuk Dominic Silva.

KUALA LUMPUR:- Leform Bhd, en route for a listing on Bursa Malaysia's ACE Market on Nov 22, expects to raise RM71.5 million from its initial public offering (IPO).

Executive director and group adviser Robert Phang Yew Cheong said the company, principally involved in the manufacturing of and trading in steel products, will use RM30 million of the IPO proceeds to construct a new headquarters, warehouse storage facilities and workers’ accommodation.