Rohas Tecnic listed on Bursa’s Main market, opens at 99.5 sen

KUALA LUMPUR (March 17): Rohas Tecnic Bhd made its debut on the Main Market of Bursa Malaysia at 99.5 sen today, with 118,200 shares traded.

Rohas Tecnic is the product of a reverse takeover (RTO) between Rohas-Euco Industries Sdn Bhd (REI) and investment holding company Tecnic Group Bhd.

REI was a steel structure fabricating company than was once listed on the bourse, before it was taken private by prominent businessman Tan Sri Wan Azmi Wan Hamzah about nine years ago.

It was primarily involved in the design, fabrication and erection of power transmission and telecommunication towers, as well as steel structures for power substations.

Tecnic meanwhile, through its subsidiaries, was involved in plastic mold design and fabrication, plastic injection and blow molding, as well as provision of secondary and assembly services for the manufacturing of plastic products.