Ace market-bound KGW Group aims to raise RM16.73mil via IPO

From left: Eco Asia Capital Advisory Sdn Bhd director Kelly Neng, Eco Asia Capital Advisory managing director Kelvin Khoo, TA Securities Holdings Bhd head of corporate finance Ku Mun Fong, KGW Group Bhd independent non-executive chairman Tengku Faizwa Tengku Razif, KGW managing director Datuk Roger Wong, KGW executive director/chief operating officer Cheok Hui Yen and TA Securities executive director, operations, Tah Heong Beng.

KUALA LUMPUR: Logistics service provider KGW Group Bhd aims to raise RM16.73 million from its initial public offering (IPO) exercise on Bursa Malaysia’s ACE Market on August 1, 2023.

There will be a public issue of 79.66 million new shares at an offering price of 21 sen per share to fund the group's expansion plan.