ACE Market-bound SBH inks underwriting agreement with KAF IB

From left: Mohd Salim Dulatti, independent non-executive chairman of SBH Marine Holdings; Tan Boo Nam, group managing director of SBH Marine Holdings; Rohaizad Ismail, CEO of KAF Investment Bank; Hon Kim Teng, director, corporate finance of KAF Investment Bank

KUALA LUMPUR: SBH Marine Holdings Bhd has signed an underwriting agreement with KAF Investment Bank Bhd (KAF IB) for its initial public offering (IPO on the ACE Market of Bursa Malaysia.

In a statement, the frozen seafood specialist said the IPO entails an issue of 180 million new shares and an offer for sale of 50 million existing shares.