3REN unveils prospectus for listing on ACE Market next month

Koh and 3REN head of finance Yeap Siew Wen at a press conference in conjunction with the prospectus launch.

In a statement, 3REN said the IPO will raise RM30.8 million through a public issue of 110 million new ordinary shares at an issue price of 28 sen per share, with 62.3% of the proceeds allocated for business expansion and operational requirements. “This growth stimulus is further supported by the modernisation and transformation of manufacturing facilities towards Industry 4.0 and 5.0 technology. This enables smart factories and sustainable operations in addition to the increased outsourcing and relocation of manufacturing activities to Southeast Asia, which positions us favourably in capturing these unique opportunities,“ he said in his speech at the IPO prospectus launch today.

He mentioned that the government has announced the National Semiconductor Strategy and that the prime minister’s recent visit to Kulim has given them the opportunity to discuss talent issues.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

3REN unveiled (IPO prospectus for its listing on ACE Market next monthKUALA LUMPUR: 3REN Bhd, an automation solutions and engineering services provider, has unveiled its initial public offering (IPO) prospectus for its l...
Bron: theSundaily - 🏆 25. / 51 Lees verder »

ACE Market-bound OB Holdings aims to raise RM28.8mil from IPOA former Indiana deputy is accused of using a fake Facebook profile to harass a woman and to try to sabotage her relationship with her boyfriend, officials told news outlets.
Bron: staronline - 🏆 4. / 75 Lees verder »

ACE Market-bound KHPT Holdings focuses on delivering consistent earnings growth, dividend payoutsKUALA LUMPUR: En route to being listed on the ACE Market of Bursa Malaysia Securities, KHPT Holdings Bhd is focused on maintaining consistent earnings...
Bron: theSundaily - 🏆 25. / 51 Lees verder »

ACE Market-bound Crest Group in expansion mode, upbeat on tech sector growthKUALA LUMPUR: Crest Group Bhd, which is en route to a listing on the ACE Market of Bursa Malaysia Securities, is optimistic about the growth of the se...
Bron: theSundaily - 🏆 25. / 51 Lees verder »