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SCH eyes main market listing
by hlk Thu 13 Feb 2014, 12:38
KUALA LUMPUR: SCH Group Bhd targets to list on the Main Market of Bursa Malaysia in the next two to three years on the back of its plan to increase operations in Malaysia and around South-East Asia.
The quarry specialist supplier made a firm debut on the ACE market on Thursday, opening at 35 sen or a premium of 12 sen above its offer price of 23 sen.
It aims to set up offices in Indonesia, Thailand, Vietnam, Myanmar, the Philippines and Cambodia by leveraging on its existing customers.
Managing director Lau Mong Ling said the company aims to offer high-end industry quarry products as part of its plan to expand it business following the listing.
Through its initial public offering (IPO), SCH has raised RM20.85mil.
Out of the gross proceeds, RM10mil would be used for capital expenditure to build the company’s new operations facility, RM5mil to purchase new quarry machine and quarry equipment as inventories for its distribution and supply of quarry machinery and quarry equipment business segment, RM3.86mil for working capital and RM2mil was allocated for listing expenses.
It was the most actively traded counter this morning with almost 105 million shares done.
The quarry specialist supplier made a firm debut on the ACE market on Thursday, opening at 35 sen or a premium of 12 sen above its offer price of 23 sen.
It aims to set up offices in Indonesia, Thailand, Vietnam, Myanmar, the Philippines and Cambodia by leveraging on its existing customers.
Managing director Lau Mong Ling said the company aims to offer high-end industry quarry products as part of its plan to expand it business following the listing.
Through its initial public offering (IPO), SCH has raised RM20.85mil.
Out of the gross proceeds, RM10mil would be used for capital expenditure to build the company’s new operations facility, RM5mil to purchase new quarry machine and quarry equipment as inventories for its distribution and supply of quarry machinery and quarry equipment business segment, RM3.86mil for working capital and RM2mil was allocated for listing expenses.
It was the most actively traded counter this morning with almost 105 million shares done.
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