Three firms ink underwriting agreements

From left: Alex Ong Keat Hoe,Executive Director of Hock Soon; Eric Ong Keat Qian, Executive Director; Lim Suk Gen, Executive Director; Ong Boon Leng, Managing Director; Datuk Bill Tan, Managing Director of M&A Equity Holdings Bhd; Gary Ting, Head of Corporate Finance in M&A Securities; and Rachel Ho, Deputy Head of Corporate Finance.

PETALING JAYA: Poultry player Hock Soon Capital Bhd has signed an underwriting agreement in conjunction with its listing on the Main Market of Bursa Malaysia next month.

The Bidor, Perak-based company said the initial public offering (IPO) will raise funds for a new poultry farm in Teluk Intan, Perak, with 25 chicken coops to increase its egg production capacity.

The IPO comprised a public issue of 100 million new shares and an offer for sale of 50 million existing shares.

Separately, interior fit-out services firm Adnex Group Bhd and engineering solutions provider Kee Ming Group Bhd signed underwriting agreements for their upcoming listings on the ACE Market.

Adnex’s IPO comprised a public issue of 90.5 million new shares and an offer for sale of 39.5 million existing shares. Kee Ming’s IPO will involve the issuance of 66.63 million new shares and an offer for sale of 16.25 million existing shares.