MST Golf Group inks underwriting agreement with RHB Investment Bank for IPO

From left: MST Golf Group executive director & group chief executive officer Ng Yap, MST Golf Group executive chairman Low Kok Poh, RHB Investment Bank Bhd chief executive officer/managing director Ganesh Sabaratnam and RHB Investment Bank head of equity capital markets (Malaysia) Ankur Khandelwal.

KUALA LUMPUR: MST Golf Group Bhd has signed an underwriting agreement with RHB Investment Bank Bhd for its proposed initial public offering (IPO) and listing on Bursa Malaysia’s Main Market in the third quarter of 2023 with the prospectus to be launched by end-June.

In a statement today, Malaysia’s largest golf retail chain said that the IPO entails an offering of 228 million ordinary shares, comprising a public issue of 160 million new shares and an offer for sale of up to 68 million existing shares.