Infomina aims to raise RM32.7mil from ACE Market IPO

From left: Infomina executive director Mohd Hoshairy Alias, executive director Raymond Lim, managing director Yee Chee Meng, M&A Securities managing director of corporate finance Datuk Bill Tan, head of corporate finance Gary, and Newfields Advisors CEO Seow Lun Hoo

KUALA LUMPUR: Infomina Bhd, a regional technology solutions provider that is en route to a listing on Bursa Malaysia’s ACE Market on Nov 25, aims to raise RM32.47 million from its initial public offering (IPO).

Managing director Yee Chee Meng said of the total proceeds, the company plans to allocate RM13.96 million (43 per cent) for working capital and RM7.6 million (23.4 per cent) to strengthen research and development capabilities.