From left: OGX Group Bhd non-independent non-executive chairman Tan Ting Fong, OGX executive director/managing director Tan Suan Loong, UOB Kay Hian (M) Sdn Bhd managing director, capital markets Tan Meng Kim and UOB Kay Hian chairman David Lim Meng Hoe.
PETALING JAYA: OGX Group Bhd has signed an underwriting agreement with UOB Kay Hian (M) Sdn Bhd, the principal adviser, sponsor, underwriter, and placement agent, in conjunction with its upcoming initial public offering (IPO) and listing on the ACE Market of Bursa Malaysia Securities Bhd.
OGX specialises in delivering IT infrastructure solutions, with a focus on network, cybersecurity, and enterprise data centre technologies within a brand-centric ecosystem.
In a statement, OGX said its IPO comprises a public issue of 150 million new ordinary shares, equivalent to 20% of its enlarged issued share capital.
In addition to the issuance of 150 million issue shares, the IPO also includes an offer for sale of 75 million existing shares, equivalent to 10% of the enlarged issued share capital, to be allocated by way of private placement to identified Bumiputera investors approved by the Ministry of Investment, Trade and Industry.
OGX’s executive director and managing director Tan Suan Loong said: “The signing of the underwriting agreement represents a significant step forward towards our listing on the ACE Market.”
