Seng Fong pens underwriting agreement with Hong Leong Investment Bank

HLIB group managing director and CEO Lee Jim Leng and Seng Fong managing director Er Hock Lai

KUALA LUMPUR: Seng Fong Holdings Bhd has entered into an underwriting agreement with Hong Leong Investment Bank Bhd (HLIB) for its upcoming initial public offering on the Main Market of Bursa Malaysia.

According to the rubber processor, the listing exercise involves the IPO of up to 160.87 million ordinary shares or up to 31% of the company’s enlarged number of issued shares comprising a public issue of 90.81 million shares and an offer for sale of up to 70.06 million shares.