Well Chip optimistic of sustaining growth rate

PETALING JAYA: Main Market-bound Well Chip Group Bhd is confident gold prices will continue to rise or remain the same in the current inflationary environment and heightened geopolitical concerns.

The Johor-based pawnbroker, which is seeking to raise RM172.5mil from its initial public offering (IPO), mainly deals in gold and related items as collateral to facilitate cash lending to the underserved and unserved segments of society.