KUALA LUMPUR: Insurance agency Norman Pang Group (NPG) aims to be listed on the Singapore Exchange (SGX) in March 2025, and the group has signed a pre-initial public offering (pre-IPO) agreement with Singapore-based investment bank Evolve Capital Advisory and Malaysia-based private equity firm MCI Capital.
NPG founder and chairman Datuk Seri Norman Pang said MCI Capital is also launching the Asia IPO Fund to fully support and back NPG’s pre-IPO on the SGX, with a fund size of up to RM250 million, but also to pave the way for other small and medium enterprises (SMEs) across various sectors to eventually list on SGX
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