Eckem taps M&A Securities for IPO on Bursa

From left: Eckem Holdings Bhd executive director Tan Khai Jeik (Jack Tan), Eckem managing director Tan Kwang Wah, M & A Securities Sdn Bhd managing director of corporate finance Datuk Bill Tan and M&A Securities deputy head of corporate finance Danny Wong.

PETALING JAYA: Eckem Holdings Bhd has entered into an underwriting agreement with M&A Securities Sdn Bhd for its initial public offering (IPO) on the ACE Market of Bursa Malaysia.

In a statement, the specialty industrial chemical solutions provider said its IPO involves the issuance of 125 million new shares and an offer for sale of 62.50 million existing shares.