ACE Market-bound Minox to raise RM23mil from IPO

Part of the proceeds from Minox’s upcoming IPO will be used for product development, and to build new warehouses in Puchong, Selangor, and in Singapore.

The stainless-steel sanitary valves, tubes and fittings supplier said the majority or 57.9% of the proceeds will be utilised for the group’s business growth. Having ventured into the semiconductor sector in 2020, Minox’s semiconductor segment contributes about 6% to its revenue. In tandem with the impending listing, Minox has charted a three-pronged growth strategy. The first step is to strengthen its presence in the semiconductor industry where has “great potential”.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Mercury Securities debuts on ACE market at 8% premiumThe group has raised a total of RM39.27 million through the IPO.
Источник: fmtoday - 🏆 5. / 72 Прочитайте больше »

Malaysia continues to lead global sukuk marketKUALA LUMPUR: Malaysia continues to lead the world sukuk market, accounting for 45% of total issuance, as the country celebrates the 40th anniversary ...
Источник: theSundaily - 🏆 25. / 51 Прочитайте больше »

Brazil’s Ebanx expands into India in Asian market debutSAO PAULO: Brazilian financial technology company Ebanx is expanding operations to India, marking its entry into the Asian market ahead of plans to ev...
Источник: theSundaily - 🏆 25. / 51 Прочитайте больше »

Market awaits interest rate calls by central banksBank of England expected to raise policy rate to 5.5% this week.
Источник: fmtoday - 🏆 5. / 72 Прочитайте больше »

Saudi energy minister says Opec+ cuts were needed to stabilise oil marketCALGARY: Saudi Arabia Energy Minister Prince Abdulaziz bin Salman on Monday (Sept 18) defended Opec+ cuts to oil market supply, saying international e...
Источник: theSundaily - 🏆 25. / 51 Прочитайте больше »