Swift Energy inks underwriting agreement

Quick Summary:

PETALING JAYA: Industrial automation and power systems provider Swift Energy Technology Bhd has entered into an underwriting agreement with M&A Securities Sdn Bhd for its initial public offering (IPO) on the ACE Market of Bursa Malaysia.

The IPO proceeds will also support the establishment of a dedicated R&D centre to drive innovation and improve product offerings.

Additionally, the company will invest in machinery, equipment and software to enhance the Group’s capacity, efficiency and productivity.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaGhanaGuineaIndonesiaPapua New GuineaSingaporeSouth AfricaThailandVietnam

Topics: ACE Market Markets IPO /Business/Business News Swift Energy Bursa Malaysia

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 16:52:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 469 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23654198

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Official Website: thestar.com.my

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