According to Datuk Michael Tio, the Group Chief Executive and Managing Director of PKT Logistics Group Sdn Bhd, they are planning to go public and be listed on Bursa Malaysia by the middle of next year. He said that the reason for this was to raise more capital for expansion which will involve a 5 million square feet of warehouse space.
This he said is expected to be operational by the year 2015 to add on to their current 1 million square feet that they already operating. He said that additional costs will include reinvestments for the domestic market as well as for land costs which will be incurred in the next 4 years. He said that by going listing the company in Bursa Malaysia , they will be able to garner the funds needed while they will also be able to enhance its reputation and confidence among investors and the market.
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