SumiSaujana inks underwriting deal with RHB for IPO


From left: Sumisaujana Group Bhd executive director/ chief operating officer Ramli Mohamad, SumiSaujana executive director and chief executive officer Norazlam Norbi, Sumisaujana executive deputy chairman Toh Chee Seng, RHB Investment Bank Bhd chief executive officer/managing director Kevin Davies, RHB Investment Bank head/director, group client coverage, private sector (local corporates) Joseph Soo and RHB Investment Bank director/ regional head, equity capital markets and syndication Ankur Khandelwal.

PETALING JAYA: SumiSaujana Group Bhd has signed an underwriting agreement with RHB Investment Bank Bhd for its upcoming initial public offering (IPO) on the ACE Market.

The oil and gas speciality chemicals manufacturer said in a statement that its IPO involved 310 million new shares and up to 90 million existing shares, making up 27.71% of its enlarged share capital.

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