ACE Market-bound Vetece aims to raise RM24.5mil from IPO

From left: Vetece Holdings Bhd executive director and CEO Chan Wai Hoong, non-independent executive vice chairman Vernon Tee Chee Chiang, independent non-executive chairman Thomas Chew Hock Hin and Kenanga Investment Bank Bhd executive director, head of group investment banking and Islamic banking Datuk Roslan Tik.

KUALA LUMPUR: Vetece Holdings Bhd aims to raise RM24.5 million from its initial public offering (IPO) en route to a listing on Bursa Malaysia’s ACE Market on Aug 28.

Vetece is an enterprise information technology (IT) solutions provider with a portfolio that includes application integration and single sign-on management, data engineering and analytics, customer relationship management, software testing, and both on-premise and cloud infrastructure.