This listing exercise aims to raise RM111.39 million, of which about 45% or RM49.73 million will go to a selling shareholder via an offer for sale. It comprises a public offering of 285.6 million new shares or 28% of the enlarged share base of 1.02 billion.  Master Tec Group IPO Master Tec has earmarked RM24.39 million or 39.55% of proceeds from the public issue to purchase new machinery and equipment, as well as RM16.78 million (27.22%) for the construction of two new MV power cable manufacturing plants in in Alor Gajah, Melaka. Meanwhile, RM16.29 million (26.42%) is for general working capital, followed by the remaining RM4.2 million (6.81%) for listing expenses. According to its managing director, Datuk Lau Kim San, “We aim to increase our annual production capacity to produce approximately 3,600 tonnes of MV power cables per year, and we target to commence the production of MV power cables by the fourth quarter of 2024.”
To register 15-Digit Direct CDS Account Number,
1. Download M+ Global APP 2. Register Online 3. Choose Malaysia Market 4. Fill up my Invitation Code: UBZQ 5. Pay RM11 for Bursa Direct CDS Number Registration 6. Wait for the Account Opening Email
0 Comments
Leave a Reply. |
