Topmix inks underwriting deal for ACE Market IPO

From left: Topmix Bhd executive director Jessie Tan Lee Hong, Topmix managing director Jack Teo Quek Siang, M&A Securities Sdn Bhd managing director Datuk Bill Tan and M&A head of corporate finance Gary Ting.

KUALA LUMPUR: Total surface decorative products company, Topmix Bhd has entered into an underwriting agreement with M&A Securities Sdn Bhd in conjunction with its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd.

Topmix's IPO involves a public issuance of 82.7 million new ordinary shares, representing 21.0% of its enlarged share capital. Additionally, there is an offer for sale of 19.7 million existing shares, equivalent to 5.0% of its enlarged share capital, through private placement to selected investors.