Camaroe in IPO underwriting agreement

From left: Camaroe executive director Low Saw Cheng, managing director Teoh Han Boon, M&A Securities managing director of corporate finance ⁠Datuk Bill Tan and deputy head of corporate finance Danny Wong.

PETALING JAYA: Integrated aquaculture group Camaroe Bhd has signed a deal with M&A Securities Sdn Bhd for the underwriting of 37.13 million initial public offering (IPO) shares allocated for the public and under pink form allocations.

Camaroe’s IPO entails the issuance of 99 million new shares, comprising 24.75 million shares for the public, 12.38 million shares for eligible persons via the pink form allocations and 61.87 million shares via private placement to bumiputra investors.