SC approved Samchen listing
Filed Under (Market News) by Webmaster on 19-03-2009
Tagged Under : new listing, Samchen, SC
Samchem Holdings Bhd has received approval from the Securities Commission to list on the Bursa Malaysia main board.
In a statement, the industrial chemical distributor said it expected to be listed by the second quarter of this year.
According to Samchem, the listing exercise will give the group an opportunity to position its businesses in the local and regional markets.
“We are extremely pleased with the approval for listing, even in the midst of a challenging economic environment,” said managing director Ng Thin Poh.
Ng said Samchem had built a strong marketing and distribution arm in Malaysia, extending from the southern to the northern region, as well as in Sabah and Sarawak.
“This has enabled the group to establish a clientele base of more than 2,500 across a wide range of industries to date,” he said. – Bernama
