Smart Asia Chemical to raise RM37mil from IPO

KUALA LUMPUR: Smart Asia Chemical Bhd, which is en route to a listing on the ACE Market of Bursa Malaysia on May 28, 2024, aims to raise RM37.4mil 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.