From left: M&A Securities corporate finance head Gary Ting, Zantat directors Poo Lap Tuck and Chan Jee Chet, co-founder and deputy chairman Chan Hup Ooi, Chan, chairman Yap Yoon Kong, directors Gan Seng Kian and Rima Ramona Muhammad Arif and M&A Equity managing director Datuk Bill Tan at the listing ceremony.
The remainder will be used to upgrade Calrock Perak Plant’s infrastructure amounting to RM1 million ; working capital RM1.4 million , repay bank borrowings RM3.4 million and defray the estimated listing expenses of RM3 million . “Some of our products are being used as filler in the glove industry. So once the glove industry recovers, it will generate extra revenue and profit margin for us.”
He added that it hopes to attract more talent to join the company to strengthen its R&D capabilities following its listing.