Sin-Kung Logistics inks IPO underwriting deal with M&A Securities

From left: M&A Securities head of corporate finance Gary Ting, M&A Equity Holdings Bhd managing director Datuk Bill Tan, Sin-Kung Logistics managing director Alan Ong and executive director Angeline Ong

KUALA LUMPUR: Sin-Kung Logistics Bhd has entered into an underwriting agreement with M&A Securities Bhd for its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia.

In a statement, the integrated logistics service provider said the IPO entails a public issue of 200 million new shares and an offer for sale of 103.5 million existing shares.