One Gasmaster Holdings Bhd managing director/CEO Ivan Tan (left) and Malacca Securities Sdn Bhd managing director Lim Chia Wei.
PETALING JAYA: One Gasmaster Holdings Bhd has signed an underwriting agreement in conjunction with its initial public offering (IPO) on the ACE Market of Bursa Malaysia.
In a statement, the provider of environmental monitoring, gas detection and gas piping solutions, as well as industrial hygiene services, said the IPO entailed a public issue of 77.5 million new ordinary shares and an offer for sale of 15.5 million existing ordinary shares to selected investors.
Malacca Securities Sdn Bhd will underwrite a total of 18.6 million public issue shares, being the portion which will be made available to the public via balloting and pink form allocations to eligible directors and employees.
One Gasmaster Holdings provides a comprehensive suite of environmental monitoring, gas detection, gas piping and industrial hygiene services.
