Orgabio signs underwriting deal with M&A Securities for IPO

From left: Orgabio Holdings Bhd executive director Ean Yong Hen Loen, Orgabio CEO/executive director Ean Yong Hien Voon, Orgabio executive deputy chairman Datuk Ean Yong Tin Sin, M&A Securities Sdn Bhd managing director of corporate finance Datuk Bill Tan, M&A Securities director Datuk Wong Gian Kui and M&A Securities head of corporate finance Gary Ting.

KUALA LUMPUR: Instant beverage premix manufacturer Orgabio Holdings Bhd has signed an underwriting agreement with M&A Securities Sdn Bhd in conjunction with its initial public offering (IPO) exercise on the ACE Market of Bursa Malaysia.

Orgabio, in a statement, said the IPO would involve the issuance of 96.7 million new shares in Orgabio representing 39.0% of the enlarged share capital.