Group will also expand its factory in Rayong, Thailand to further grow their presence in the E&E and automotive industries in the country.Volcano Bhd, an international manufacturer of nameplates and plastic injection moulded parts, is aiming to raise RM8.75 million from its ACE Market IPO.
There will also be an offer for sale of 14.375 million shares by way of private placement to identified investors, and 20.625 million shares by way of private placement to identified bumiputra investors. Managing director Datuk Ch’ng Huat Seng said the proceeds will go towards acquiring laser-cutting and pick-and-paste machines to improve the efficiency and capability of its nameplate manufacturing process.
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