ACE Market-bound Kawan Renergy aims to raise RM33mil from IPO


KUALA LUMPUR: Engineering solutions provider Kawan Renergy Bhd, en route for a listing on the ACE Market of Bursa Malaysia Securities on May 29, 2024, aims to raise RM33 million from its initial public offering (IPO).

Its managing director, Lim Thou Lai said, the group intends to use the proceeds to capitalise on the future demand for industrial process equipment.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

The parcel overhang
Zero abandoned homes�by�2030?
Unmasking housing market pricing abuses
Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming

Others Also Read