From left: Sik Cheong executive director Wong Hin Loong, managing director Wong Hing Ngiap, TA Securities executive director Tah Heong Beng and senior manager of corporate finance Abdul Muiz Mustafa
KUALA LUMPUR: ACE Market-bound Sik Cheong Bhd has inked an underwriting agreement with TA Securities Holdings Bhd for 17.3 million new shares made available to the Malaysian public and pink form subscribers.
In a statement, the RBD palm olein oil repackaging firm said its initial public offering (IPO) exercise involves the public issuance of 66 million new shares, representing 24.8% of its enlarged share capital and an offer for sale of 20 million existing shares via private placement to selected investors.
