ACE Market-bound Yew Lee inks underwriting agreement with M&A Securities

From left: Yew Lee chief operating officer Amber Ang, managing director Ang Lee Leong, M&A Securities managing director of corporate finance Datuk Bill Tan and deputy head of corporate finance Danny Wong

KUALA LUMPUR: Yew Lee Pacific Group Bhd has entered into an underwriting agreement with M&A Securities Sdn Bhd for its initial public offering (IPO) on the ACE Market of Bursa Malaysia.

The industrial brush manufacturer is undertaking an IPO with a public issue of 133.1 million shares and an offer of sale of 26.62 million shares to selected investors.