From left: DXN director Abraham Verghese TV Abraham, director Datuk Noripah Kamso, director Datuk Lim Boon Yee, Lim, director and CEO Teoh Hang Ching, director Vibhav Panandiker, director Tunku Afwida Tunku A Malek and director Ong Huey Min at the listing ceremony.: Health oriented and wellness consumer product manufacturer DXN Holdings Bhd has debuted on the Main Market of Bursa Malaysia Securities Bhd at RM0.69 with an opening volume of 12.71 million shares.Of the total proceeds raised, RM80.
DXN is planning to expand its business operations to five new markets within the next three to five years. “Our new branches in Brazil and Argentina are expected to be operational by the end of this year, while the other three countries within the next two to three years. We anticipate that it will take between three to five years to fully develop the potential in these five new markets. During that time, we hope to be fully prepared to enter the Chinese market as well,” he said.
“We will continue to focus on delivering health-oriented and wellness consumer products to our customers around the world and provide returns to our shareholders in accordance with our target payout ratio of between 30%-50% of the profit attributable to the owners of DXN for each financial year on a consolidated basis,” Lim said.
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