Swift Energy sets sights on expansion after IPO


(from left): Swift Energy Technology Bhd corporate affairs director Suzana Abu Bakar, independent non-executive director Yee Kim Mei, independent non-executive director Zurul Ain Zulkarnain, executive director and chief operating officer Chin Saw Yong, executive director and chief executive officer Tan Bin Chee, chairman Mohammad Nizar Idris, independent non-executive director Leong Choong Wah, M&A Securities Sdn Bhd corporate finance head Gary Ting, M&A Securities corporate finance deputy head Danny Wong and M&A Securities corporate finance associate director Lee Yoke Wah.

PETALING JAYA: ACE Market-bound Swift Energy Technology Bhd, which is currently operating its production facility at close to full capacity, aims to fuel its growth through the proceeds of its initial public offering (IPO).

The provider of industrial automation and power systems seeks to raise RM70.06mil via its IPO at 28 sen per share, with over 51% of the proceeds earmarked for expansion initiatives.

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Swift Energy , IPO , fundraising , automation , ACE Market

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