KUALA LUMPUR: Generator rental services provider Express Powerr Solutions (M) Bhd
has entered into an underwriting agreement with Mercury Securities Sdn Bhd for its initial public offering (IPO) on the ACE Market of Bursa Malaysia.
In a statement, the company said the IPO exercise encompassed a public issue of 180 million new ordinary shares, representing 19.3% of its enlarged issued share capital, as well as an offer for sale of 65.4 million existing shares, representing 7% of its enlarged share capital.
