ACE Market-bound Ocean Fresh signs underwriting deal

From left: Ocean Fresh Bhd non-independent non-executive director Datuk Seri Chia Hooi Huak, Ocean Fresh executive director Teo Chee Han, Ocean Fresh executive director Siang Hai Yong, KAF Investment Bank CEO Rohaizad Ismail and KAF Investment Bank corporate finance director Yap Chin Fatt.

KUALA LUMPUR: Ocean Fresh Bhd has signed an underwriting agreement with KAF Investment Bank Bhd (KAF IB) for its initial public offering (IPO) in conjunction with its listing on the ACE Market of Bursa Malaysia Securities Bhd.

Ocean Fresh is principally involved in the processing and trading of frozen seafood products as well as the provision of frozen seafood processing services to its customers within Malaysia as well as in Turkey, China, Thailand, Vietnam and Japan amongst others.