CYBERTOWERS Bhd, en route to a listing on the Mesdaq mid-July, has signed an underwriting agreement with Affin Merchant Bank Bhd and K&N Kenanga Bhd.
The agreement is to cover the 10,981,250 new ordinary shares that Cybertowers will make available to the public.
Affin Merchant said in a statement yesterday Cybertowers would issue in total 40 million shares of 10 sen each.
Cybertowers, a company using satellite to track motor vehicles, is expected to publish its prospectus by the middle of this month.
The company is now involved in the development of an Internet-based automated vehicle locating system CyberTrack that would allow movable assets to be tracked on real time basis Bernama