Pantech Global fast tracks expansion

Group MD Tan said steel price fluctuations have little impact on the company’s business due to its focus on high-value downstream products.

PETALING JAYA: Pantech Global Bhd, en route to becoming Bursa Malaysia’s first Main Market listing of the year, plans to accelerate expansion and enhance operational efficiency, fuelled by the RM178.3mil it aims to raise from its initial public offering (IPO) on March 3.

The company, a wholly owned subsidiary of Main Market-listed Pantech Group Holdings Bhd before the listing, manufactures steel pipes and fittings for fluid transmission across industries such as oil and gas, semiconductors and shipbuilding.