KUALA LUMPUR: Microlink Solutions Bhd, which has been awarded Multimedia Super Corridor status by the Government for its research and development in Islamic banking solutions, is targeting a listing on the Mesdaq market.
The company signed an underwriting agreement with Malaysian International Merchant Bankers Bhd (MIMB) here on Thursday.
MIMB is the adviser, sponsor, underwriter and placement agent for Microlink's listing.
The initial public offering would involve a public issue of 12 million new 10 sen shares at an issue price of 49 sen per share, Microlink said in a statement.
It added that 3 million new ordinary shares would be made available to the public.
Microlink provides Islamic and conventional banking solutions to local and international banking and financial institutions.
According to the company, its flagship product, Microlink Banking Solution (MiBS), has enabled banking and financial institutions to become more competitive and responsive to their customers' demands. – Bernama
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