From left: Kong Choon Keong, financial controller of Express Powerr Solutions (M) Bhd; Datuk Mohd Redza Shah Abdul Wahid, independent non-executive chairman; Lim Cheng Ten, managing director; Chew Sing Guan, managing director of Mercury Securities Sdn Bhd; Eric Chong Soo Keng, head of corporate finance; Woon See Soon, senior general manager; and Jamieson Chew Yen Loong, operations manager
KUALA LUMPUR: Generator rental services provider, Express Powerr Solutions (M) Bhd has entered into an underwriting agreement with Mercury Securities Sdn Bhd as part of its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd.
In a statement today, the company said the IPO exercise encompasses a public issue of 180 million new ordinary shares, representing approximately 19.3 per cent of its enlarged issued share capital, as well as an offer for sale of 65.4 million existing shares, representing seven per cent of its enlarged share capital.
