The company is targeting a prospectus launch in the first quarter of 2021 with an IPO comprising a total of 75.23 million new ordinary shares of which 14.195 million shares will be made available to the Malaysian public via public balloting.
KUALA LUMPUR: Flexidynamic Holdings Bhd
has entered into an underwriting agreement with M&A Securities Sdn Bhd in conjunction with its initial public offering (IPO) on Bursa Malaysia’s ACE Market following the approval for its proposed IPO recently.
In a statement yesterday, Flexidynamic said under the agreement, M&A Securities will be appointed as its principal adviser, sponsor, underwriter and placement agent to underwrite a total of 18.45 million of its shares
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