Tomei unit inks underwriting agreement

YXPM managing director Ng Sheau Chyn said the signing of the agreement came at an opportune time as the group is ready to leverage on the increased demand for gold jewellery products.

KUALA LUMPUR: Tomei Consolidated Bhd’s fully owned subsidiary YX Precious Metals Bhd (YXPM) has inked an underwriting agreement with Public Investment Bank Bhd (PIVB) for its initial public offering (IPO) on the ACE Market of Bursa Malaysia.

In a filing with Bursa Malaysia, Tomei said the IPO exercise entails the public issue of 111.65 million new ordinary shares in YXPM, of which PIVB has agreed to underwrite 48.38 million shares.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

IPO , Tomei , jewellery , Ace Market ,


Next In Business News

Scomi Energy gets nod to dispose of oilfield services division for RM21mil
Gamuda: SSPAs of four expressway concession companies executed
Stella Holdings wins RM33.88mil contract from PAAB
Bursa Malaysia cautious ahead of GDP data
MoF monitoring effects of OPR hike on consumer loan repayments
MFM denies Dindings Poultry is part of cartel
Oil bounces as China, U.S. data ease recession concerns
SoftBank posts US$17bil Vision Fund loss on tech slump
Asia shares subdued, dollar refreshed by U.S. rate risks
FGV signs dairy farming deal with Touch Group and Qatar's Baladna

Others Also Read