DXN signs underwriting agreement for Main Market listing

(From left) Nor Masliza Sulaiman, group head investment banking and deputy CEO of CIMB Investment Bank; Teoh Hang Ching non-independent executive director and CEO of DXN Holdings; Datuk Lim Siow Jin, non-independent executive chairman and founder of DXN; Datuk Fad'l Mohamed, CEO of Maybank Investment Bank; Jaimie Sia, head of group capital markets and advisory of RHB Investment Bank

KUALA LUMPUR: Main Market-bound DXN Holdings Bhd has inked an underwriting agreement with Maybank Investment Bank Bhd, CIMB Investment Bank Bhd and RHB Investment Bank Bhd in conjunction with its initial public offering.

In a statement, health food supplements group DXN said the banks have agreed to underwrite the retail offering of 160 million shares in DXN, representing about 3.2% of the enlarged issued ordinary shares in DXN.