Minox enters into underwriting agreement with M&A Securities

Form left: Looi Poo Poo, executive director of Minox International Group; Cheong Chee Son, managing director of Minox International; Datuk Bill Tan, managing director of M&A Securities; and Gary Ting, head of corporate finance of M&A Securities

KUALA LUMPUR: Minox International Group Bhd has signed an underwriting agreement with M&A Securities Sdn Bhd for its proposed initial public offering (IPO) on the ACE Market of Bursa Malaysia.

In a statement, the distributor of stainless steel sanitary valves, tubes and fittings said the IPO comprises a public issuance of 90 million new shares, representing 25% of its enlarged share capital of 360 million shares, as well as an offer for sale of 18 million existing shares through private placement to selected investors.