Autocount Dotcom Bhd’s chairman Choo Chin Peng, managing director Choo Yan Tiee and other representatives at Bursa Malaysia following the company’s market debut today.
The company did not announce a dividend policy yet, but its managing director Choo Yan Tiee has said the initial focus would be on its expansion. Cash would also be reserved for advertising and promotional costs. Choo said “By next week, we are making our trip to the Philippines, followed by Thailand, then Vietnam by the end of the month, and Indonesia”.
The offering comprises a public issuance of 93.59 million new shares or 17% of its enlarged share base, and an offer for sale of 44.04 million shares.
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