PETALING JAYA: End-to-end piping solutions provider ISF Group Bhd has entered into an underwriting agreement with Alliance Islamic Bank Bhd in conjunction with its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia.
ISF’s IPO exercise encompasses a public issuance of 185.30 million new ordinary shares, representing approximately 18.53% of its enlarged issued share capital, as well as an offer for sale of 90 million existing shares, representing approximately 9% of its enlarged issued share capital.
