LONDON/SINGAPORE (Reuters) - LSEG Group's Workspace news and data platform suffered an outage on Friday that affected user access worldwide, market sources said.
From left: Sik Cheong executive director Wong Hin Loong, managing director Wong Hing Ngiap, independent non-executive chairman Abdul Razak Haji Ipap, TA Securities Holdings Bhd executive director of operations Tah Heong Beng and head of corporate finance Dominic Seah
Managing director Wong Hing Ngiap said about 40% or RM7.2mil of the IPO proceeds will be used to set up a new packaging facility. "The expansion also addresses the current space constraints for repackaging and storing RBD palm olein oil products at existing facility," he said. "We see substantial market potential, as palm oil remains the most widely consumed vegetable oil in Malaysia, accounting for 76.7% of the total vegetable oil volume sold in 2023.
This initiative will be supported by an expansion of its delivery trucks fleet, which will be funded by 5% or RM900,000 of the IPO proceeds.
Sik Cheong RBD Olein Oil IPO Underwriting TA Securities ACE Market Listing
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