KUALA LUMPUR: Foodie Media Bhd
has signed an underwriting agreement with Maybank Investment Bank Bhd for its initial public offering (IPO) and proposed listing on the ACE Market of Bursa Malaysia.
Foodie Media is principally an investment holding company, while its subsidiaries are involved in digital media publishing, key opinion leader marketing, short-film drama marketing, affiliate commerce and campaign management services.
In a statement, the company said the IPO comprises a public issue of 138 million new ordinary shares, representing 15.54% of its enlarged issued share capital, and an offer for sale of 112 million existing shares, representing approximately 12.61% of the enlarged issued shares upon listing.
Maybank will underwrite 59.4 million new shares to be made available for application by the public and eligible persons. The bank is the principal adviser, sponsor, sole placement agent and sole underwriter for the IPO exercise.
