ICT Zone Asia eyes growth in ACE Market

KUALA LUMPUR: ICT Zone Asia Bhd has launched its prospectus in preparation for its upcoming transfer from the LEAP Market to the ACE Market of Bursa Malaysia. The technology financing firm plans to raise RM26.6 million through its initial public offering, which involves the issuance of 133 million new ordinary shares priced at 20 sen each. Of the total proceeds, RM21 million or 78.95 per cent will fund the company’s assets purchase to expand its technology financing business.