Malaysia: Precast concrete producer PMW International has secured approval for a listing on Bursa Malaysia’s ACE Market. Bernama Daily Malaysian News has reported that the producer will undertake an initial public offering of 178m new ordinary shares and an offer for sale of 89m existing ordinary shares.

CEO Lee Hon Hwa said "The IPO proceeds will enable the company to venture into the Sarawak market by constructing a new plant in Tanjung Manis, Sarawak and invest in new technology to meet the anticipated demand growth for infrastructure development locally and internationally."

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