Rakuten trade set ‘buy’ call on Mestron
KUALA LUMPUR, June 18 — Rakuten Trade has set a “buy” call on Mestron Holding Bhd on the steel pole maker’s intentions to enhance its international footprint namely in Brunei, New Zealand and Sri Lanka.
Under the listing exercise, Mestron has raised RM25.28 million from its public issue of 158.0 million new shares at RM0.16 per share. “The expanded facility which is expected to complete by the second half of 2021 will double Mestron’s production capacity from 5,700 metric tonnes per year to 11,400 MT/year.
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