KUALA LUMPUR: Winstar Capital Bhd has signed an underwriting agreement with TA Securities for its initial public offering (IPO) and planned listing on the ACE Market of Bursa Malaysia.
In a statement yesterday, Winstar Capital said the IPO will offer 73.95 million ordinary shares, comprising a public issue of 56.55 million new shares and an offer for sale of 17.40 million existing shares. This represents 25.5% of its enlarged issued share capital of 290 million ordinary shares.
