EMCC to raise RM64.2mil via ACE Market IPO

From left: Mercury Securities Sdn Bhd director, head of capital markets Chris Lai Ther Wei, EMCC non-independent executive director Datin Tea Guat Ngo, EMCC non-independent executive director-cum-group managing director Datuk Low Kok Chuan, EMCC independent non-executive chairman Datuk Mohd Azfar Mohamed, Mercury Securities managing director Chew Sing Guan and EMCC non-independent executive director Low Kai Loon.

KUALA LUMPUR: Evergreen Max Cash Capital Bhd (EMCC), which launched its prospectus today, aims to raise RM64.2 million through its initial public offering (IPO) and listing on the ACE Market of Bursa Malaysia Securities Bhd.

In a statement, executive director and group managing director Datuk Low Kok Chuan said the proceeds from the IPO will largely finance the expansion of EMCC’s pawnbroking business.