At 11.36am, Mestron was trading at 18 sen with 281.14 million shares changing hands. It was also the top active counter on the bourse.
The steel pole maker expects to raise RM25.28 million through its proposed listing on the ACE Market of Bursa Malaysia.
The company plans to use RM13 million (51.4%) raised from the initial public offering to expand its main manufacturing facility and acquire more manufacturing machineries and equipment for future business growth.
Source: The Sun Daily