HE Group inks underwriting deal for ACE Market IPO

From left: Alliance Islamic Bank Bhd senior vice president, coverage & origination Lim Shueh Li, Alliance Islamic Bank Bhd chief executive officer Rizal IL-Ehzan Fadil Azim, HE Group Bhd managing director Haw Chee Seng and HE Group Bhd independent non-executive chairman Datuk Christopher Wan Soo Kee.

KUALA LUMPUR: HE Group Bhd has inked an underwriting agreement with Alliance Islamic Bank Bhd (AIS) in conjunction with its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia.

HE Group, via its subsidiary, Hexatech Engineering Sdn Bhd, is an electrical engineering service provider, principally focused on power distribution systems for end-user premises such as industrial plants, as well as industrial and commercial substations.