KUALA LUMPUR: Smart Asia Chemical Bhd (Smart Asia) has signed an underwriting agreement with Mercury Securities Sdn Bhd for the company’s initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd.
The IPO shall entail a public issuance of 93.5 million Smart Asia’s new shares, of which Mercury Securities will underwrite 30.59 million IPO shares.
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