Northeast Group plans factory expansion from IPO proceeds

Northeast Group Bhd, a precision component manufacturer, plans to allocate 47.34% of its RM84.5 million IPO proceeds for construction of a new factory with 79,020 sq ft production floor space, and 14.65% for new machines to increase capacity.

“The bulk of the RM84.5 million in proceeds or 47.34% from the public issue will be allocated for the construction of a new factory that is expected to have a production floor space of about 79,020 sq ft”theedgemalaysia.com

• 1 source
• theedgemalaysia.comIPO Watch: Northeast eyes factory expansion from IPO proceedsOct 22, 2024

Summarized from public sources; check the original articles before acting on it.