Teamstar signs underwriting agreement with TA Securities for ACE Market IPO

From left: Teamstar Bhd chief operating officer Yeoh Chuen Teik, Teamstar executive director Ng Choon Tiong, Teamstar executive vice chairman and group CEO Tan Lee Kueng, TA Securities executive director of operations Tah Heong Beng, TA Securities head of corporate finance Ku Mun Fong and Teamstar chief financial officer Tan Jian Wei.

KUALA LUMPUR: Teamstar Bhd has signed an underwriting agreement with TA Securities Holdings Bhd for its proposed initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd.

In a statement today, the home improvement solution’s provider said TA Securities is the principal adviser, sponsor, sole underwriter and sole placement agent for the company’s IPO, and will underwrite 40 million issue shares and 16 million offer shares.