Sin-Kung targets to raise RM26mil from its IPO

(From left): Sin-Kung executive director Adeline Ong, executive director Angeline Ong, independent non executive chairman Tan Soo Moi, Ong, M&A Equity Holdings Bhd managing director Datuk Bill Tan, M&A Securities Sdn Bhd head of corporate finance Gary Ting and Sin-Kung general manager Ameline Ong during the prospectus launch yesterday. — RAJA FAISAL HISHAN/The Star

KUALA LUMPUR: ACE Market-bound Sin-Kung Logistics Bhd, which specialises in providing airport-to-airport road feeder services for both passenger and cargo airlines, aims to raise RM26mil through its initial public offering (IPO).

Managing director Alan Ong Lay Wooi said the integrated logistics provider, which is focused on high-value cargos, is poised to capitalise on the semiconductor upcycle and the eCommerce boom.