UUE inks deal with M&A Securities to go public

From left: UUE Holdings chief financial officer Vincent Wong, managing director Datuk Kenny Ting, M&A Equity Holdings Bhd managing director of corporate finance Datuk Bill Tan, M&A Securities Sdn Bhd head of corporate finance Gary Ting and deputy head of corporate finance Rachel Ho.

KUALA LUMPUR: UUE Holdings Bhd has signed an underwriting agreement with M&A Securities Sdn Bhd for its initial public offering (IPO) on the ACE Market of Bursa Malaysia.

In a statement, the company said the IPO entails the public issue of 124.9 million new shares in UUE and an offer for sale of 37.46 million existing UUE shares.