Malacca-based property developer Teladan Setia to raise RM77.3 million from IPO
24 Feb 2021 / 09:30 H. From left: Teladan Setia head of marketing Christina Tong Siok Meng, executive director Francis Sia Ah Piew, Teo, financial controller Ng Mih Fern and account manager Eunice Goh Fong Kim at the prospectus launch. PETALING JAYA: Malacca-based property developer Teladan Setia Group Bhd, en route to a listing on the ACE Market on March 16, 2021, will be raising RM77.3 million in its initial public offering (IPO) exercise, of which RM35 million (45.3%) will be allocated for land acquisition in Malacca. Meanwhile, RM33.1 million (42.8%) will be used as working capital for...