Plytec aims to raise RM37.1mil from ACE Market IPO


KUALA LUMPUR: Plytec Holding Bhd (PLYTEC), en route for a listing on the ACE Market of Bursa Malaysia Securities Bhd, aims to raise RM37.1 million from its initial public offering (IPO).

In a statement today, the construction engineering solutions, services, trading and distribution of building materials company said that through the IPO, the group expects to have an enlarged issued share capital of RM212.12 million comprising 606 million shares priced at 35 sen per share.

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