KUALA LUMPUR: SFP Tech Holdings Bhd, a one-stop integrated engineering and automation solutions provider, plans to raise RM62.23mil proceeds from its initial public offering (IPO) exercise.
The company is en route to a listing on Bursa Malaysia’s Ace Market on June 20.
Chief executive officer Dr Chang Chee Jia said of the proceeds, RM24.5mil would be used to purchase new machinery and equipment, RM15mil for the construction of its third plant, and RM10mil for repayment of bank borrowings.
...
