PETALING JAYA: Sik Cheong Bhd aims to raise RM17.8mil via an initial public offering (IPO) exercise on the ACE Market of Bursa Malaysia with the money meant for expansion of its operations.
The refined, bleached and deodorised (RBD) palm olein repackaging firm’s IPO entails a public issuance of 66 million new ordinary shares as well as an offer for sale of 20 million shares by existing shareholders, priced at 27 sen per share.