Thursday, December 30, 2010

Amtek to tap capital markets for funds to finance exansion

KUALA LUMPUR:'' AMTEK HOLDINGS BHD [] plans to raise funds through the capital markets to finance the expansion of its clothing business.

Executive chairman Syed Azmin Syed Nor said on Thursday, Dec 30'' Amtek'' which recently acquired Crocodile Sdn Bhd which owns the Crocodile branded apparels, intends to expand regionally within 5 years.

"Growth won't be organic" Syed Azmin told reporters at'' Amtek's AGM.

He said Amtek would resort to a "cocktail of instruments" from the capital markets to fund its expansion. The company does not intend to sell bonds, he said.


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