Minox debuts on ACE Market with 26% premium

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KUALA LUMPUR: Distributor of stainless steel sanitary valves, tubes and fittings, Minox International Group Bhd made its debut on the ACE Market of Bu...

From left: Minox independent non-executive directors Wong Yen Lee, Yeoh Aik Cheong and Ng Kuan Hua, Cheong, chairperson Alwizah Al-Yafii Ahmad Kamal, executive director Looi Poo Poo, M &A Securities managing director, corporate finance Datuk Bill Tan and deputy head of corporate finance Rachel Ho Seow Leng.Distributor of stainless steel sanitary valves, tubes and fittings, Minox International Group Bhd made its debut on the ACE Market of Bursa Malaysia Securities today.

He said the RM22.5 million fresh capital raised through the initial public offering puts them on a strong footing to implement their plans and they will introduce new vacuum fittings and valves tailored for semiconductor production lines and construct a fourth warehouse in Puchong to cater for higher sales volume.

“As the population expands, so does the demand for food and beverage , pharmaceutical products, and advanced electronics, all of which bode well for our business,” Cheong added.

 

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Minox opens at 26% premium in ACE Market debutThe counter opens at 31.5 sen, a 26% premium compared to the 25 sen reference price.
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