The company announces a significant move with the issuance of 51.7 million new shares, representing 25.5% of its enlarged share capital. This strategic move aims to fuel the company's growth and expansion plans, particularly in strengthening its sourcing and distribution business.  New IPO in Malaysia. Agricore CS Holdings Bhd Agricore CS Holding Bhd recently unveiled its ambitious expansion plans, backed by a substantial share issuance of 51.7 million new shares, accounting for 25.5% of its enlarged share capital. This strategic move is set to propel the company's growth trajectory and solidify its position in the market. At the heart of this expansion lies the company's commitment to bolstering its sourcing and distribution operations. A significant portion of the proceeds, amounting to RM18.9 million (74%), will be dedicated to purchasing inventory and enhancing the company's sourcing and distribution capabilities. One of the key initiatives involves the allocation of RM13.7 million towards the Bukit Minyak premises, a pivotal location that will serve as a hub for the company's expanded operations. Additionally, RM5.2 million will be invested in establishing a new regional storage facility in the strategic location of Klang, Selangor, further strengthening the company's distribution network. Furthermore, Agricore CS Holding Bhd has earmarked 10% of the proceeds, equivalent to RM2.7 million, for the construction of a new state-of-the-art storage facility in Klang. This facility, spanning an impressive 30,000 square feet, will play a crucial role in streamlining the company's logistics operations and ensuring efficient product distribution. Don't miss this golden opportunity. Open a Direct CDS account with us today and participate in the IPO with ease.
To sign up for a 15-Digit Direct CDS Account Number to apply IPO, 1. Download M+ Global app 2. Sign up online 3. Choose the Malaysia Market 4. Enter my Invitation Code, which is UBZQ 5. Pay RM11 to register a Bursa Direct CDS number. 6. Wait for the email confirmation 7. Follow the steps here https://www.dexterchia.com/blog/initial-public-offering-ipos-in-malaysia-how-do-you-apply
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