Elsa signs IPO underwriting agreement

From left: Amiruddin Mohd Zain, executive chairman of Elsa; Daniel Ilham Khong, managing director; Chuck Lim, chief business strategy officer of Malacca Securities, and Law Kim Fatt, co-head corporate finance, posing after the signing of the underwriting agreement

PETALING JAYA: Elsa Bhd has signed an underwriting agreement with Malacca Securities Sdn Bhd in conjunction with its proposed initial public offering (IPO) on the ACE Market of Bursa Malaysia.

In a statement, the integrated oil and gas services and equipment solutions provider said Malacca Securities Sdn Bhd is acting as the principal adviser, sponsor, underwriter, and placement agent for the listing exercise.