ACE Market-bound Fibromat aims to raise RM17.8mil from IPO


PETALING JAYA: Fibromat (M) Bhd, en route to a listing on Bursa Malaysia’s ACE Market, aims to raise RM17.8 million from its initial public offering (IPO).

According to its prospectus, the geotechnical solutions and specialist engineering company’s IPO price is 55 sen apiece with listing scheduled for May 8, 2025.

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