TTV to use IPO proceeds for expansion

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) intends to utilise the proceeds from its initial public offering (IPO) exercise to expedite its growth and pursue its business plans.

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