ACE Market-bound Zantat inks underwriting deal with M&A Securities

From left: Chan Hup Ooi, deputy chairman of Zantat; Ivan Chan, managing director; Datuk Bill Tan, managing director of M&A Equity Holdings Bhd; and Gary Ting, head of corporate finance at M&A Securities Sdn Bhd

KUALA LUMPUR: Zantat Holdings Bhd has signed an underwriting agreement with M&A Securities Sdn Bhd for its listing on the ACE Market of Bursa Malaysia.

In a statement, the calcium carbonate producer said its initial public offering (IPO) involves a public issues of 56 million new shares, or 20% of the enlarges share capital, as well as an offer for sale of 16.8 million existing shares via private placement to selected investors.