ACE Market-bound Signature Alliance aims to raise RM161.2mil from IPO

Quick Summary:

KUALA LUMPUR: Interior fitting-out specialist Signature Alliance Group Bhd (SAG) aims to raise RM161.2 million through its initial public offering (IPO), ahead of its scheduled listing on the ACE Market of Bursa Malaysia Securities Bhd on June 5, 2025.

ACE Market-bound Signature Alliance aims to raise RM161.

The remainder of the funds will go towards repaying bank borrowings (RM20 million), establishing branch offices in Penang and Johor (RM12 million), acquiring machinery and equipment (RM4 million), and covering listing expenses (RM7.1 million).

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: IPO Markets Prospectus /Business/Business News Signature Alliance Group

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-14 @ 14:45:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 485 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 31 words per sentence (average)

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Copyright Owner: © The Star

News ID: 28703767

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