KUALA LUMPUR: SKA Capital Bhd has signed an underwriting agreement with TA Securities Holdings Bhd for its proposed listing on the ACE Market of Bursa Malaysia, where the stock broking company will underwrite the entire portion of the new shares offered to the Malaysian public investors and eligible persons.
The initial public offering (IPO) involves a public issue of 168.08 million new shares and an offer for sale of 72.4 million existing shares.
Of the new shares, 44.78 million will be offered to Malaysian public investors, while 8.96 million will be allocated to eligible directors, employees and persons who have contributed to the company. This is the portion that TA Securities will be underwriting.
