KUALA LUMPUR: Fashion retailer Panda Eyes Group Bhd has signed an underwriting agreement with M & A Securities Sdn Bhd ahead of its proposed listing on the Ace Market of Bursa Malaysia, targeted for January 2027.
The initial public offering (IPO) comprises 325 million new shares, representing 20 per cent of its enlarged share capital, and an offer for sale of 162.5 million existing shares, or 10 per cent.
Of the new shares, 81.25 million will be offered to the Malaysian public through balloting, while 40.625 million will be allocated for eligible persons of the company.
The remaining 203.125 million shares will be placed with Bumiputera investors approved by the Investment, Trade and Industry Ministry.
