MST Golf Group inks IPO underwriting agreement

Ng said the IPO will help to accelerate the company's retail penetration in other golf markets in South-East Asia.

PETALING JAYA: 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 yesterday, Malaysia’s largest golf retail chain said 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.