MKHOP signs underwriting agreement for Main Market IPO

KUALA LUMPUR: Oil palm plantation company MKH Oil Palm (East Kalimantan) Bhd (MKHOP) has signed an underwriting agreement with M&A Securities Sdn Bhd and Kenanga Investment Bank Bhd for its initial public offering (IPO) on the Main Market of Bursa Malaysia.

MKHOP, a wholly owned subsidiary of MKH Bhd, said its listing exercise involves a public issuance of 220 million new shares, representing 21.5% of the group’s enlarged share capital of 1.02 billion shares.