Hiap Huat eyes RM17m from IPO
Publish date: Fri, 11 Jan 2013, 12:48 AM
Group non-executive chairman Zulkifly Zakaria said about RM8.2 million from the IPO proceeds will be channelled for working capital.
"Other than working capital, we will use RM4.5 million for capital expenditure, RM2.3 million to fund the listing process while the rest RM2 million for repayment of bank borrowings," he said. Bernama
"Other than working capital, we will use RM4.5 million for capital expenditure, RM2.3 million to fund the listing process while the rest RM2 million for repayment of bank borrowings," he said. Bernama
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