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Prestar gets shareholders nod to list Tahsin Steel

Steel News - Published on Fri, 22 Mar 2019

Image Source: Tashin Steel
The Star reported that Prestar Holdings Bhd has received shareholders’ approval to list one of its subsidiary Tashin Steel Sdn Bhd. Prestar group MD Mr Datuk YP Toh told reporters after its EGM “The listing of Tashin on the ACE Market is targeted to be this year. We will use proceeds from Tashin initial public offering to pare down some of Prestar borrowings.”

Tashin plans to raise RM 38 million from the listing exercise.

Tashin plans to use proceeds from the IPO to acquire land, build a factory and for working capital.

Source :

Posted By : Rabi Wangkhem on Fri, 22 Mar 2019
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