Chemlite Innovation Bhd receives Bursa Securities approval for ACE Market listing

From left: Chemlite Innovation Bhd executive director and chief operating officer Heng Chee Khiang, Chemlite executive director and chief executive officer Chong Yuen Fong, UOB Kay Hian Securities (M) Sdn Bhd chief executive officer David Lim and UOB Kay Hian managing director, capital markets Tan Meng Kim.

PETALING JAYA: Engineering support services provider Chemlite Innovation Bhd has received approval from Bursa Malaysia Securities Bhd to list on the ACE Market and has entered into an underwriting agreement with UOB Kay Hian Securities (M) Sdn Bhd.

In a statement, the company said its initial public offering (IPO) will comprise a public issue of 120 million new ordinary shares and an offer for sale of 60 million existing ordinary shares.