Malaysian fertilizer firm Cropmate plans RM42 million IPO to boost operations and R&D.

Cropmate Berhad, a Malaysian fertilizer company, plans to raise RM42 million through an IPO on the ACE Market of Bursa Malaysia. The funds will be used to boost working capital, buy two factories, set up an R&D lab, and cover listing costs. This marks Cropmate as the first pure-play fertilizer company to list on Bursa Malaysia, aiming to enhance agricultural productivity and sustainability.

November 15, 2024
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