IMMEDIATE ANNOUNCEMENT ON SHARES BUY BACK
OTHERS PESTECH INTERNATIONAL BERHAD (“PIB” OR “COMPANY”) PROPOSED LISTING OF PESTECH (CAMBODIA) PLC (“PCL”), A WHOLLY-OWNED SUBSIDIARY OF PIB, ON THE MAIN BOARD OF CAMBODIA SECURITIES EXCHANGE (“CSX”) (“PROPOSED LISTING”)
KUALA LUMPUR: PESTECH International Bhd is set to launch the initial public offering (IPO) of its unit in Cambodia on Monday, July 27.
The company, in a filing with Bursa Malaysia today, said the IPO for PESTECH Cambodia PLC (PCL) has been approved by Securities & Exchange Commission of Cambodia.
The listing involved a public offering of 3.945 million new PCL shares at KHR3,120 each.
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Power transmission provider Pestech (Cambodia) Plc put on a roadshow on Monday in preparation for going public on the Cambodia Securities Exchange (CSX) on August 12.
Pestech Cambodia, a 100 per cent owned subsidiary of Malaysia-based Pestech International Bhd, hopes to raise approximately $3 million from the listing.
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PESTECH (Cambodia) Plc, a subsidiary of Malaysia-based PESTECH International Bhd, yesterday officially launched a public roadshow for its initial public offering (IPO) and the opening of a public subscription.
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This project is the first Rail Electrification and System Works project secured by PESTEC. The project involves the extension of the Port Klang Line commuter service covering 8km double track which links Subang Jaya to Subang Skypark.
Our scope of work includes design and build, installation, testing and commissioning of the overall system work including signalling, communication and electrification.