Northeast set to build on factory capacity after 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 RM84.5mil through its initial public offering, scheduled for Oct 15.

Northeast will issue 168,989,000 new shares at RM0.50 a piece to raise the targeted amount.