Pantech Global Bhd (Ticker: PGLOBAL MK) is a Malaysian company operating in the steel industry, specifically as a manufacturer of pipe fittings and welded pipes.
Pantech Global is expected to list on the Main Market of Bursa Malaysia on March 3, 2025. The total offer size is MYR 178.32 million (USD $39.89 million). The offering is managed by Alliance Islamic Bank Bhd. The IPO was heavily oversubscribed, receiving RM663.63 million in retail interest. The public portion of 21.25 million shares was oversubscribed by 44.93 times. The proceeds will be used for expansion, capital expenditure (74%), working capital (13%), loan repayment (8%) and listing expenses.