ACE Market-bound Oriental Kopi inks IPO underwriting agreement with Alliance Islamic Bank

From left: Oriental Kopi executive director Sean Koay Song Leng, executive director Callie Chan Yen Min, managing director Datuk Chan Jian Chern, Alliance Islamic Bank CEO Rizal IL-Ehzan Fadil Azim, group chief corporate and institutional banking officer Teoh Chu Lin and Islamic capital markets head and senior vice-president of corporate finance Tee Kok Wah

KUALA LUMPUR: Food and beverage cafe chain operator Oriental Kopi Holdings Bhd has inked an underwriting agreement with Alliance Islamic Bank Bhd for its proposed initial public offering (IPO) en route to its listing on the ACE Market of Bursa Malaysia.

In a statement today, Oriental Kopi said that following the agreement, Alliance Islamic Bank shall underwrite 80.0 million IPO shares made available for the Malaysian public and pink form recipients.