ACE Market-bound Smart Asia chemical aims to raise RM37.4mil from IPO

KUALA LUMPUR: Smart Asia Chemical Bhd, which is en route to a listing on the ACE Market of Bursa Malaysia Securities on May 28, 2024, aims to raise RM37.4 million from its initial public offering (IPO).

Its non-independent executive director cum chief operating officer Lim Kok Beng said the proceeds raised from the IPO will enable the company to cater to its next phase of its business expansion.