Minox targets new sector for business expansion

From left: Minox International Group Bhd executive director Looi Poo Poo, managing director Cheong Chee Son, M&A Securities Sdn Bhd managing director Datuk Bill Tan and corporate finance head Gary Ting at the underwriting agreement ceremony of Minox International Group Bhd in conjunction with its initial public offering on the ACE Market of Bursa Malaysia.

KUALA LUMPUR: ACE Market-bound Minox International Group Bhd aims to strengthen its presence in the semiconductor industry to further grow the company.

The distributor of stainless steel sanitary valves, tubes and fittings, which is scheduled to be listed on Oct 17, is expected to raise RM22.5mil from its initial public offering (IPO), comprising a public issue of 90 million new ordinary shares at 25 sen each.