ACE Market-bound EPB Group aims to raise RM40.08mil from IPO

From left: EPB Group independent non-executive director Stephen Chua Chee Keong, independent non-executive director Ooi Hun Pin, WYNCORP Advisory Sdn Bhd Moh Jiun Haur, EPB Group deputy managing director Liew Meng Hooi, independent non-executive chairman Noor Azman Nordin, managing director Yeoh Chee Min, executive director Ooi Kim Kew, Malacca Securities Sdn Bhd managing director Lim Chia Wei and EPB Group independent non-executive director Khor Chai Tian

KUALA LUMPUR: EPB Group Bhd aims to raise RM40.08 million from its initial public offering (IPO) en route to its listing on the ACE Market of Bursa Malaysia on Aug 23, 2024.

Managing director Yeoh Chee Min said that of the total proceeds, RM24.6 million would be utilised for the factory expansion, which includes the acquisition of land from Penang Development Corporation, construction of a new factory and the purchase of machinery.