KUALA LUMPUR: Semico Capital Bhd has entered into an underwriting agreement with Affin Hwang Investment Bank Bhd in conjunction with its initial public offering (IPO) on the ACE Market of Bursa Malaysia.
Semico Capital, through its subsidiaries, is primarily involved in providing family entertainment products and services, including supplying arcade and amusement machines, operating a family entertainment centre at The Mines in Selangor.
In a statement, Semico said the IPO comprised a public issue of 92.7 million new ordinary shares, representing 25.7% of its enlarged issued share capital, and an offer for sale of 18 million existing share.
