ACE Market-bound KHPT aims to raise RM21.73mil from IPO

From left: KAF Investment Bank corporate finance director Azmi Hariss Ibrahim, KHPT independent non-executive director Datuk Tang Ngat Ngoh, independent non-executive director Datuk Noor Azian Shaari, independent non-executive chairperson Datuk Noripah Kamso, group managing director Datin Eloise See, executive director and chief business development officer Hideki Nomura, independent non-executive director Chan Yan San and KAF Investment Bank CEO Rohaizad Ismail

KUALA LUMPUR: Automotive manufacturing parts supplier KHPT Holdings Bhd aims to raise RM21.73 million from its initial public offering (IPO) en route to an ACE Market listing on October 8.

The IPO involves the issuance of 108.64 million shares at an IPO price of 20 sen per share.