Sorento Capital to raise RM57.4mil, targets 200 new dealers

From left: Sorento Capital Bhd executive director Lee Chee Keong, Sorento Capital executive director Jayden Loo Jing Kai, Sorento Capital managing director Loo Chai Lai, Sorento Capital independent non-executive chairman Ahmad Zakie Ahmad Shariff, Alliance Islamic Bank Bhd chief executive officer Rizal IL-Ehzan Fadil Azim and Alliance Islamic Bank senior vice president - coverage & origination Lim Shueh Li.

KUALA LUMPUR: Sorento Capital Bhd, a provider of bathroom and kitchen sanitary ware solutions, is set to raise RM57.4 million through its initial public offering (IPO) and plans to recruit 200 new dealers across Malaysia over the next three years.

The company is scheduled to be listed on Bursa Malaysia’s ACE Market on Oct 28.