Pantech Global riding the steel wave to IPO

Mercury Securities Sdn Bhd recommends investors to subscribe to the IPO.

PETALING JAYA: Steel pipe manufacturer Pantech Global Bhd, en route to a listing on the Main Market of Bursa Malaysia, offers investors a pure-play exposure to the company’s parent Pantech Group Holdings Bhd’s manufacturing arm.

Pantech Group will remain the controlling shareholder through a 69.15% stake following the initial public offering (IPO).