Northeast aims to raise RM84.5mil from ACE Market IPO

From left: Affin Hwang Investment Bank Bhd head of equity capital markets Arvin Chia Yew Kim, Northeast executive director Chong Ewe Hean, managing director Ng Chay Chin, Affin Hwang Investment Bank managing director of capital markets Johan Hashim and Northeast chairman Datuk Sri Lee Kah Choon

GEORGE TOWN: Northeast Group Bhd aims to raise about RM84.5 million from its initial public offering (IPO) ahead of its ACE Market listing on October 15.

The precision engineering components manufacturer is issuing 168.99 million new shares at an IPO price of 50 per share.