Agricore CS aims to raise RM25.9mil from IPO

From left: Agricore CS Holdings Bhd chairman Fu Yew Sun, Agricore managing director Oon Boon Khong, Agricore deputy chairman Datuk Keh Chuan Seng, M & A Equity Holdings managing director Datuk Bill Tan and M&A Securities Sdn Bhd head of corporate finance Gary Ting.

KUALA LUMPUR: Food ingredients supplier Agricore CS Holdings Bhd, en route for a listing on the ACE Market of Bursa Malaysia, expects to raise RM25.9mil from its initial public officer (IPO).

Agricore plans to use RM18.9mil (74%) raised from the IPO to further expand its sourcing and distribution business by increasing inventory levels at Bukit Minyak Premises and its new regional storage facility in Klang, Selangor.