Sik Cheong aims to raise RM17.8mil from ACE Market IPO

From left: Sik Cheong executive director Wong Hin Loong, managing director Wong Hing Ngiap, independent non-executive chairman Abdul Razak Haji Ipap, TA Securities Holdings Bhd executive director of operations Tah Heong Beng and head of corporate finance Dominic Seah

KUALA LUMPUR: Sik Cheong Bhd aims to raise RM17.8mil from its initial public offering (IPO), en route to a listing on the ACE Market on Bursa Malaysia.

The company, which via its subsidiaries is principally involved in the repackaging, marketing and distribution of RBD palm olein oil products, said it has plans to expand its packaging facility and grow its fleet of delivery trucks.