SNS Network Technology inks underwriting agreement with M&A Securities

Left to right: Kelvin Pah, Executive Director of SNS Network Technology Bhd; Ko Yun Hung, Managing Director of SNS Network Technology; Rachel Ho, Deputy Head of Corporate Finance of M&A Securities Sdn Bhd; Datuk Bill Tan, Managing Director of Corporate Finance of M&A Securities; and Gary Ting, Head of Corporate Finance of M&A Securities

KUALA LUMPUR: SNS Network Technology Bhd has entered into an underwriting agreement with M&A Securities Sdn Bhd for its initial public offering (IPO) exercise to list on the ACE Market of Bursa Malaysia.

The IPO entails a public issue of 362.9 million SNS shares, representing 22.5% of the enlarged share capital and an offer for sale of 48.4 million existing shares to selected investors by way of private placement.