Founder Holdings associate PUC Founder approved to list on MASDAQ

HONG KONG (AFX-ASIA) - Founder Holdings LTd said its 49 pct-owned associate, PUC Founder (MSC) Bhd has received approval from the Malaysian Securities Commission to list on the Malaysian Exchange of Securities Dealing & Automated Quotation Bhd.

	    In a statement, the company said the pricing of the shares for the IPO, and the date for the official listing have not been fixed.

	    The date and pricing will be subject to market demand and the external environment, it said.

	    PUC Founder plans to raise additional capital to fund the research, development and promotion of its fingerprint and e-commerce businesses.

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