Its CEO Tan Eng Kee said RM18 million or 24.64% of the proceeds will be utilised for the establishment of Greatech’s engineering and manufacturing sales offices in the US and China.
“We are going to open offices in the Silicon Valley and in the East Coast for the US, and one in Shanghai, China,” he said at the company’s prospectus launch in Kuala Lumpur yesterday.
The industrial automation solution provider’s initial public offering (IPO) entails 119.75 million new shares, of which 18.78 million will be made available to the Malaysian public and 9.39 million to the eligible director, employees and business associates.
The remaining 22.72 million shares are provisioned for selected investors, while 68.86 million shares to Bumiputera investors were approved by the Ministry of International Trade and Industry.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
trap666
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Posted by trap666 > 2019-12-10 23:28 | Report Abuse
habis liao @Richard down trend !!!!!!!!!!!!!!!