Oxford Innotech inks underwriting deal with Malacca Securities

From left: Oh Yen San, executive director of Oxford Innotech; Ng Thean Gin, managing director; Tan Kok Tiam, chairman, corporate finance committee of Malacca Securities; and Law Kim Fatt, co-head, corporate finance

KUALA LUMPUR: As it prepares to float its shares on the ACE Market of Bursa Malaysia, Oxford Innotech Bhd (OXB) has entered into a deal with Malacca Securities Sdn Bhd to underwrite 6.25 million shares made available to the Malaysian public and to elible persons under the pink form allocations.

The integrated engineering solutions provider is embarking on an initial public offering (IPO) exercise that entails a public issue of 143.5 million new ordinary shares, representing 20.2% of its enlarged issued share capital, as well as an offer for sale of 50 million existing shares, representing 7% of the enlarged share capital.