Agricore targets RM25.9mil from listing

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.

PETALING JAYA: Food ingredient supplier Agricore CS Holdings Bhd plans to raise RM25.9mil from its listing on the ACE Market of Bursa Malaysia.

It plans to use RM18.9mil (74%) of the funds to expand its sourcing and distribution business by increasing inventory levels at it Bukit Minyak premises and its new regional storage facility in Klang, Selangor.