PETALING JAYA: TMK Chemical Bhd plans to list on the Main Market of Bursa Malaysia in the fourth quarter of 2024, with Maybank Investment Bank Bhd acting as its retail underwriters.
The group is engaged in the provision of total chemical management services, comprising of sourcing, processing and distributing of inorganic chemicals, along with offering value-added services
According to a statement, TMK’s initial public offering will entail a public issue of 220 million new ordinary shares, of which 190 million shares will be offered to institutional and selected investors and 30 million shares to retailers.
The retail offering will have 10 million shares available for directors, employees and persons who have contributed to TMK while the remaining 20 million shares will be reserved for application by the Malaysian public, it said.
