From left: Kamalam Kurup Krishnan, executive director, ASM Automation Group; Tengku Faizwa Tengku Razif, independent non-executive chairperson; Leong Weng Khin executive director; Chan Kok Heng, managing director; Datuk Bill Tan, managing director, M&A Equity Holdings Bhd; Gary Ting, head of corporate finance, M&A Securities; Danny Wong, deputy head of corporate finance; and Kelvin Khoo, managing director, Eco Asia Capital Advisory Sdn Bhd
KUALA LUMPUR: Automation machinery solutions specialist ASM Automation Group Bhd
aims to raise gross proceeds of RM21.82mil from its initial public offering (IPO), en route to a listing on the ACE Market of Bursa Malaysia.
With the funds pegged for business expansion, the group said it will issue 128.34 million new shares, or 24% of its enlarged issued share capital of 534.77 million shares, at an issue price of 17 sen each.
