PETALING JAYA: ACE Market-bound electrical engineering service provider, HE Group Bhd, aims to raise RM24.33mil from its initial public offering (IPO) at a price of 28 sen per share.
Managing director Amos Haw Chee Seng said RM15.13mil or 62.19% of the money raised will be used to supplement working-capital requirements in tandem with the expected growth in the group’s business.
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