Hock Heng to raise RM8.44m from IPO

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Hock Heng to raise RM8.44m from IPO

Written by Darlene Liew

Tuesday, 09 February 2010 10:31

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KUALA LUMPUR: Hock Heng Stone Industries Bhd aims to raise RM8.44 million from its proposed listing on the Main Market of Bursa Malaysia by the first quarter of 2011.

Hock Heng's IPO entails a public issue of 15.34 million new shares and an offer-for-sale of 14.3 million existing shares at an issue price of 55 sen each.

"We hope to further strengthen our presence in Malaysia by setting up more sales offices and secondary processing plants in order to enhance our time-to-delivery," said Hock Heng's chairman and managing director, Low Kim Hock on Tuesday, Feb 9.

Hock Heng sells dimension stones including granite, marble, sandstone and slate.

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Last Updated on Tuesday, 09 February 2010 10:33

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