ACE Market-bound ECA Integrated expects to raise RM25.5mil from IPO

KUALA LUMPUR: Automated manufacturing solutions provider ECA Integrated Solution Bhd, en route for a listing on Bursa Malaysia’s ACE Market on Nov 23, 2022, expects to raise RM25.5 million from its initial public offering (IPO).

Executive director cum chief executive officer Ooi Chin Siew said of the IPO proceeds, RM7.7 million (30.2 per cent) would be used for the acquisition of machinery to augment its technical capabilities and to cater for higher production output.