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Wednesday April 7, 2004

MEGLOB gets go ahead for listing on Mesdaq

METRONIC Global Bhd (MEGLOB) has received approval from the Securities Commission, Malaysia Securities Exchange Bhd (MSEB) and other relevant authorities to list on the Mesdaq market, group managing director Dr Ng Tek Che said. 

In a statement, he said the company would be appointing Hwang-DBS Securities Bhd as underwriter and placement agent for its listing exercise. 

MEGLOB, an intelligent building management system and integrated security management system company, was incorporated on Oct 22, 2003, as the holding company of Metronic Engineering Sdn Bhd and Metronic Integrated System Sdn Bhd.  

"We will be able to raise funds in a cost effective and efficient manner in the capital market, while enhancing MEGLOB's growth and expansion in Malaysia and the region," he said. 

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