ACE Market-bound YX Precious Metals inks underwriting agreement with Public Investment Bank

Ng Sheau Chyn, managing director of YX Precious Metals, and Lee Yo-Hunn, CEO of Public Investment Bank

KUALA LUMPUR: YX Precious Metals Bhd (YXPM) has signed an underwriting agreement with Public Investment Bank Bhd (PIVB) for its initial public offering on the ACE Market of Bursa Malaysia Securities Bhd.

YXPM, a wholesaler and manufacturer specialising in gold jewellery, is a wholly-owned subsidiary of Main Market-listed Tomei Consolidated Bhd and is scheduled for its own listing by end-June 2022.