Ready-to-assemble furniture firm Spring Art to list on ACE Market

From left: Koay Ben Ree, managing partner of Ben & Partners Advocates & Solicitors; Kwan Chian Poh, executive director of Spring Art Holdings Bhd and Lim Kok Eng, managing director of Spring Art; Datuk Bill Tan, managing director of corporate finance of M&A Securities Sdn Bhd; Goh Hock Jin, executive director/head of operations of M&A Securities and Gary Ting, head of corporate finance of M&A Securities.

KUALA LUMPUR: Ready-to-assemble furniture products designer and manufacturer Spring Art Holdings Bhd plans to issue 97.69 million new shares enroute to its listing on the ACE Market of Bursa Malaysia.

The new shares represent about 23.5% of the enlarged share capital, the Johor-based company said in a statement on Wednesday as it signed an underwriting agreement with M&A Securities Sdn Bhd.