Bakery products SDS Group on expansion mode after IPO

From left are M&A Securities Sdn Bhd head of corporate finance Gary Ting, SDS Group Bhd executive directors Tan Kee Jin and Tan Yon Haw, directors Datuk Albert Ding, Phang Sze Fui and Azahar Baharudin, chairman Lim Pang Kiam, executive director Tan Kim Chai, managing director Tan Kim Seng; M&A Securities managing director Datuk Bill Tan.

KUALA LUMPUR: Bakery products manufacturer and distributor SDS Group Bhd, which expected to raise RM23.99mil from its proposed listing on the ACE Market, will expand its fleet or lorries and expand its outlets.

SDS Group is issuing 104.29 million new shares at 23 sen per share of which 20.29 million would be offrered to the public via balloting; 23.13 million shares for its eligible directors, employees and business associates while the