Critical Holdings aims to raise RM26mil from IPO

PETALING JAYA: ACE Market-bound Critical Holdings Bhd (CHB) is seeking to raise RM26 million from its Dec 18, 2023 debut, with its initial public offering (IPO) priced at 35 sen per share.

Chief executive officer Tan Si Lim said the funds generated would be used to acquire a new regional office in central Peninsular Malaysia to strategically facilitate future expansion into central and southern regions and expand its sales and technical teams, among others.