ACE Market-bound OB Holdings aims to raise RM28.8mil from IPO

KUALA LUMPUR: OB Holdings Bhd aims to raise RM28.8 million from its initial public offering , pursuant to its listing on the ACE Market of Bursa Malaysia on Oct 29.

"The new factory will give us a larger manufacturing space, allowing us to customise the factory layout and optimise the configuration of the machinery,” he said. OB Holdings also plans to use RM0.9 million to set up a new laboratory in the new factory and undertake clinical trials for the Bonlife SachaQ10 Plus Softgel, its new product.

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