KTI aims to raise RM48mil from IPO for working capital, land acquisition

From left: KTI Landmark executive director Wilson Loke, promoter and substantial shareholder Chin Mee Leen, managing director/CEO Gordon Loke, Chief Minister of Sabah Datuk Seri Panglima Haji Hajiji Haji Noor, KTI Landmark chairman Datuk Haji Hamzah Haji Ghazalli, M&A Equity Holdings Bhd managing director Datuk Bill Tan, M&A Securities Sdn Bhd head of corporate finance Gary Ting

KUALA LUMPUR: KTI Landmark Bhd expects to raise RM48mil en route to a listing on the ACE Market of Bursa Malaysia on June 19, 2024.

In a statement, the Sabah-based integrated property developer said it plans to use RM20.7mil of the proceeds raised from the initial public offering (IPO) to supplement its general working capital requirements for The Logg's project.