PETALING JAYA: Chemlite Innovation Bhd has filed for an initial public offering (IPO) on the ACE Market of Bursa Malaysia to raise funds to expand its operations.
The IPO will entail a public offering of new shares of 20% of the company and an offer for sale of 10% of the enlarged company.The company, which is an engineering support services provider, primarily serves companies in the semiconductor and electrical and electronics industries.
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