Mercury to focus on margin financing services

Mercury Securities Group Bhd managing director Chew Sing Guan (left) and Public Investment Bank Bhd deputy chief executive officer Alynn Lim Geok Lian (right).

PETALING JAYA: Mercury Securities Group Bhd will be utilising the bulk of the proceeds from its initial public offering (IPO) for margin financing facility services, as it anticipates greater revenue recognition from this segment.

Managing director Chew Sing Guan said the segment recorded a compounded annual growth rate of 36.09% from financial year 2019 to 2022.