Supreme Consolidated aims to raise RM18mil from IPO

From left: Supreme Consolidated Resources Bhd non-independent executive director Roger Ting, Supreme Consolidated non-independent executive chairman Datuk Richard Wee Liang Chiat, Kenanga Investment Bank Bhd group managing director Datuk Chay Wai Leong and Kenanga Investment Bank Bhd head of group investment banking & Islamic banking Datuk Roslan Tik.

KUALA LUMPUR: Supreme Consolidated Resources Bhd which is transferring its listing from the LEAP Market to the ACE Market of Bursa Malaysia, aims to raise RM17.5mil through the initial public offering (IPO).

Priced at 25 sen per share, the exercise is scheduled for Nov 29.