KTI seals underwriting deal with M&A Securities

From left: KTI Landmark executive director Stella Loke, executive director Wilson Loke, managing director and CEO Gordon Loke, M&A Equity Holdings Bhd managing director Datuk Bill Tan and M&A Securities Sdn Bhd head of corporate finance Gary Ting.

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

In a statement, the Sabah-based integrated property developer said the initial public offering (IPO) will comprise a public issue of 160 million new shares and an offer for sale of 45 million existing shares, representing 20% and 5.6% of the enlarged share capital of KTI, respectively.