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Guan Huat Seng Holdings Bhd has allocated 40 per cent of the proceeds from its initial public offering (IPO) to finance the construction of a new Integrated Complex in Melaka, as part of its strategy to strengthen operational capacity and support the group’s long-term growth.
The integrated complex will be developed on a 262,230-square-foot parcel of land in Batu Berendam, Melaka, with a built-up area of at least 100,000 square feet, comprising storage facilities, a product showroom, food processing centre, product development facilities and administrative offices.