-- Skyechip (KLSE:SKYECHIP) is seeking to raise 352 million ringgit via an IPO on the ACE Market of Bursa Malaysia.
The integrated circuit (IC) design company's IPO entails a public issue of 400 million new shares at 0.188 ringgit each, according to a Wednesday Malaysian bourse filing.
Proceeds will be used for expansion, to boost working capital, and to pay off expenses, it said.