Main market-bound Azam Jaya to raise RM61.5m from IPO
27 Nov 2024
KUALA LUMPUR (Oct 18): Main market-bound Azam Jaya Bhd, a Sabah-based construction firm, aims to raise RM61.5 million from its initial public offering (IPO), and set its IPO price at 78 sen per share.
From the IPO proceeds of RM61.5 million, the group has allocated RM8.0 million (13.0%) to boost construction capabilities and operational efficiencies by acquiring new machinery and equipment, as well as technological upgrades.
Myia S Nair (2024, October 18) Main market-bound Azam Jaya to raise RM61.5m from IPO
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