TT Vision signs underwriting agreement for ACE Market listing

From left: KAF Investment Bank Bhd corporate finance director Hon Kim Teng, TT Vision independent non-executive chairman Datuk Seri Wong Siew Hai, TT Vision chief operating officer & executive director Wong Yih Hsow and TT Vision chief executive officer & executive director Goon Koon Yin.

KUALA LUMPUR: TT Vision Holdings Bhd (TTV) which will soon be listed on the Ace Market intends to utilise the proceeds gained from the initial public offering (IPO) to expedite its growth and pursue its business plans.

The company which operates within the semiconductor industry said it would use the proceeds from the listing exercise to repay its bank borrowings, for research & development expenditure, marketing activities, working capital and listing expenses.