Pantech inks IPO underwriting agreement

(From left) Pantech Global Bhd deputy group managing director Kong Chiong Lee, group managing director Adrian Tan, Alliance Bank Malaysia Bhd group chief corporate and institutional banking officer Teoh Chu Lin, Alliance Islamic Bank Bhd chief executive officer Rizal IL-Ehzan Fadil Azim and Islamic Capital Markets, corporate finance head and senior vice president Tee Kok Wah at the underwriting agreement signing ceremony of Pantech Global in conjunction with its proposed initial public offering on the Main Market of Bursa Malaysia.

KUALA LUMPUR: Pantech Global Bhd has entered into an underwriting agreement with Alliance Islamic Bank Bhd for its proposed initial public offering (IPO), en route to a listing on the Main Market of Bursa Malaysia in the first quarter of 2025.

Pantech Global’s IPO comprises the issuance of 262.23 million new shares, representing 30.85% of the company enlarged share capital.