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Sara-Timur hopes to raise RM30m via unit's listing.
Byline: Sharen Kaur
KUALA LUMPUR: Kuching-based Sara-Timur Group aims to list its unit, Sara-Timur Sdn Bhd (STSB), on Bursa Malaysia's Main Board latest by early next year, raising more than RM30 million, its chief said.
Group chairman Datuk Dr M. Zawawi Ismail told Business Times that proceeds from the initial public offering would be utilised to expand STSB's property development and construction activities.
"We are looking to expand our presence in Peninsular Malaysia. There are plenty of jobs under the Economic Transformation Programme and 10th Malaysia Plan that we plan to bid for." He said STSB, set up in 1995, was raking in revenues of around RM300 …
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