NationGate aims to raise RM166mil from IPO

PETALING JAYA: Nationgate Holdings Bhd will use a large part of the proceeds raised from its listing to repay bank borrowings and as working capital.

The ACE Market bound electronic manufacturing services (EMS) provider aims to raise RM165.5mil from its initial public offering (IPO) of 435.5 million new shares at an issue price of 38 sen per share.