EPB targets RM40mil 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.

PETALING JAYA: One-stop food processing and packaging machinery solutions provider EPB Group Bhd aims to raise RM40.08mil through its initial public offering (IPO) on the ACE Market of Bursa Malaysia.

Its IPO entails a public issuance of 71.57 million new ordinary shares at 56 sen each and an offer for sale of 40 million shares by existing shareholders.