21
Mar
09:48
Tashin IPO to fund longs processing expansion
Malaysia’s Tashin Steel says it expects to raise MYR 38.56 million ($9.5m) from its listing on the ACE market of Bursa Malaysia. The company still plans to build a new facility and upgrade its equipment with the funds, Kallanish notes.
The coil processor and distributor has now received approval for the listing from the shareholders of its controller, Prestar Resources. Tashin hopes to use the funds raised to buy land for a new plant in Seberang Prai. This…
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