KUALA LUMPUR: Frozen seafood processor PT Resources Holdings Bhd aims to raise RM48.6 million from its initial public offering (IPO) en route to its listing on Bursa Malaysia’s ACE Market.
Managing director Heng Chang Hooi said that from the proceeds, RM17.6 million would be allocated to finance the capital expenditure for a new cold storage warehouse.
He said a further RM27.2 million would be set aside for working capital expenditure,…