Lolz...
Like seriously
Expend meeting room?? 🤣😜

How to trust if like this huh...

Chill brother, i realise a lot of ppl dont even read lol.

Only 4% of the IPO proceeds go to headquarters expansion.

If you read their prospectus, the expansion includes Reception, Showroom. Storage room, New meeting room. Estimated 18 workstations for finance, sales, procurement, administrative and human resources departments. Command and control centre, Estimated 26 share workstations for the project department and technical and servicing department.

Its generally office expansion to fit more employees and expansion of workstations. A bigger meeting room is just small part of it, not ALL IPO PROCEEDS fund the bigger meeting room brother.

Also think this way, previously Company only has small meeting room not fancy one, meaning, the management is GOOD at managing cost n cost saving. Not simply spend. Hence profit margin very very strong at above 20%.

a PLUS point

Ok so hopefully by expanding the meeting room from 12 pax to 15-20 pax, the company can generate TONS of revenue 😂

latest by TA securities RM0.43

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