Colform gets nod for ACE Market listing

KUALA LUMPUR: Steel and building material specialist Colform Group Bhd has received Bursa Malaysia’s approval to list on the ACE Market. The initial public offering (IPO) involves the public issuance of 114.4 million new shares and the sale of 54 million existing shares. Colform plans to set up an in-house colour coil coating production line at its Kota Kinabalu facility. “This addition will expand the group’s product range, reducing reliance on external suppliers for colour coated coils and allowing greater quality control.”