RNG Tech Eyes MYR16 Million Via ACE-Market IPO

MT Newswires Live

06/16

RNG Tech (KLSE:RESTNGO) is seeking to raise 16.4 million ringgit via an IPO on the ACE Market of Bursa Malaysia, according to a Tuesday Malaysian bourse filing.

The IPO comprises a public issue of 126.1 million new shares at 0.13 ringgit each, as well as an offer for sale of 78.8 million shares.

The company's shares are scheduled to begin trading on July 7.

Aside from listing expenses, proceeds will be used to establish new RNG stations and RNG premium outlets, as well as for working capital requirements.

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