PRG plans to list man­u­fac­tur­ing busi­ness in Hong Kong

The Sun (Malaysia) - - SPEAK UP -

PE­TAL­ING JAYA: PRG Hold­ings Bhd pro­poses to list its man­u­fac­tur­ing busi­ness on the Growth En­ter­prise Mar­ket of the Hong Kong Stock Ex­change.

In a fil­ing with Bursa Malaysia, PRG said the pro­posed list­ing would al­low the group and its man­u­fac­tur­ing busi­ness to have sep­a­rate fundrais­ing plat­forms in the debt and eq­uity cap­i­tal mar­kets.

It is en­vis­aged that the group’s man­u­fac­tur­ing di­vi­sion will con­tinue to re­main as a sub­sidiary of PRG upon the com­ple­tion of the list­ing exercise.

Be­sides man­u­fac­tur­ing, PRG is also in­volved in prop­erty de­vel­op­ment and con­struc­tion busi­nesses.

PRG noted that the pro­posed list­ing will fa­cil­i­tate a more ef­fi­cient group struc­ture by way of pro­mot­ing a bet­ter seg­re­ga­tion of busi­ness re­spon­si­bil­i­ties and op­er­a­tions, which will then en­hance the de­ci­sion-mak­ing process and re­spon­sive­ness to mar­ket changes.

The group man­u­fac­tures a wide range of prod­ucts that are used in var­i­ous in­dus­try sec­tors.

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