This article first appeared in The Edge Financial Daily, on February 17, 2016.

KUALA LUMPUR: Pecca Group Bhd, which is en route to a listing on the Main Market of Bursa Malaysia, said the initial public offering (IPO) will be an important milestone for the group to expand its business by going beyond producing leather upholstery for cars to include the aviation industry.

In a statement yesterday, Pecca managing director Datuk Teoh Hwa Cheng said he sees vast potential in the leather seat upholstery business, such as the public transportation, furniture and entertainment sectors.

“We have done a project for cinema seats lately and a one-off fabric sewing project for public trains in the Netherlands previously, for example.

"We are also in the process of securing a licence from the DCA (Department of Civil Aviation) to produce leather upholstery for seats in commercial jets,” he added.

Meanwhile, Pecca clarified that it had obtained approval from the Securities Commission Malaysia (SC) on Oct 21, 2015 for its IPO and not Jan 21, which was the date of dissemination of the SC approval press release.