ECA Integrated IPO to drive expansion, efficiency

David Lim Meng Hoe, Managing Director of UOB Kay Hian Securities (M) Sdn Bhd (left), and Ooi Chin Siew, Executive Director cum Chief Executive Officer of ECA Integrated

PETALING JAYA: ECA Integrated Solution Bhd has entered into an underwriting agreement with UOB Kay Hian Securities (M) Sdn Bhd (UOBKH) in conjunction with its forthcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia.

The automated manufacturing solution provider’s IPO exercise includes a public issuance of 150 million new shares, representing 26% of its enlarged share capital, as well as an offer for sale of 48 million existing shares, representing 8.3% of the enlarged shares, by way of a private placement to selected investors.