Wentel Engineering to raise RM71mil from market debut

From left: TA Securities head of corporate finance Ku Mun Fong, Wentel Engineering independent non-executive director Siow Chin How, non-independent executive director Wong Chun Wei, non-independent and non-executive chairman Ban Kim Wah, independent non-executive director Soo Wee Loon and independent non-executive director Wang Sze Min

PETALING JAYA: ACE Market-bound Wentel Engineering Holdings Bhd aims to raise RM71.03mil from its initial public offering (IPO) at a price of 26 sen per share.

The local metal fabricator is slated to debut on the ACE Market of Bursa Malaysia on Feb 6, 2024.