Topmix inks underwriting agreement with M&A Securities

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 for the company’s initial public offering (IPO) en route to a listing on the ACE Market of Bursa Malaysia.

In a statement, the company said the IPO exercise encompasses a public issuance of 82.7 million new ordinary shares, representing 21% of its enlarged share capital and an offer for sale of RM19.7mil existing shares, or 5% of its enlarged share capital, via private placement to selected investors.