Zantat to raise proceeds of RM14mil from IPO for R&D, upgrades


From left: M&A Securities head of corporate finance Gary Ting, M&A Equity Holdings Bhd managing director Datuk Bill Tan, Zantat deputy chairman Chan Hup Ooi, managing director Ivan Chan, chairman Yap Yoong Kong and executive director Chan Jee Chet

KUALA LUMPUR: Zantat Holdings Bhd aims to raise RM14mil from its initial public offering (IPO) en route to a listing on the ACE Market of Bursa Malaysia on March 27, 2024.

The high-grade calcium carbonate powder producer said in a statement it plans to use RM3.8mil of the proceeds to upgrade its research and development (R&D) centre and purchase additional test and product development equipment.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Zantat , IPO , listing , ACE Market , Bursa Malaysia

Next In Business News

IATA optimistic on Malaysia's aviation outlook as regional recovery accelerates
ISF Group, Alliance Islamic Bank ink IPO underwriting agreement
Bank Islam targets 50% rise in BIMB biz users payment to voice feature
CPO output down 5.3%, palm oil exports fall 28.13% in Nov -�MPOB
Bursa Malaysia slips at midday amid subdued regional sentiment
EcoWorld achieves record sales and profit in FY25
LAC Med shares up on market debut
Steel unit price index falls 0.1 to 3.2 % in Nov - DoSM
SumiSaujana explores partnership with China polyurethane product manufacturer
Carsome's record retail performance drives up 3Q earnings

Others Also Read