AmInvestment Bank to underwrite 74.96 mln shares under Vestland IPO

Vestland Bhd group managing director Datuk Liew Foo Heen (left) and AmInvestment Bank Bhd CEO Tracy Chen Wee Keng (right).

KUALA LUMPUR: Vestland Bhd has inked an underwriting agreement with AmInvestment Bank Bhd whereby the bank will underwrite a total of 74.96 million ordinary shares in conjunction with the former's initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd.

In a statement today, Vestland said its IPO comprising 240.8 million ordinary shares entailed a public issue of 170.0 million new shares and an offer for sale of 70.8 million existing shares.