AGX to raise RM33.78mil from ACE Market IPO

From left: AGX Group Bhd director and chairperson Datuk Rozalila Abdul Rahman, AGX Malaysia executive director and managing director Jayasielan Gopal, AGX Singapore executive director and managing director Mark Penu, AGX Myanmar executive director and managing director Peter Neo Lip Pheng, AGX Group Bhd executive director and group chief executive officer Datuk Ponnudorai Periasamy, TA Securities Holdings Bhd corporate finance head Ku Mun Fong and operations executive director Tah Heong Beng at the prospectus launch of AGX Group Bhd in conjunction with its listing on the ACE Market of Bursa Malaysia.

KUALA LUMPUR: AGX Group Bhd, which is slated to be listed on the ACE Market of Bursa Malaysia on Feb 7, is expected to raise RM33.78mil from its initial public offering (IPO).

In a statement, AGX said its IPO entails the public issue of 96.5 million new ordinary shares and an offer for sale of 30 million existing ordinary shares priced at 35 sen per share.