KUALA LUMPUR: Inspace Creation Bhd has signed an underwriting agreement with TA Securities Holdings Bhd for its initial public offering (IPO) on Bursa Malaysia’s ACE Market.
In a statement yesterday, the interior fitting-out services provider said TA Securities will underwrite 26.97 million new shares under the exercise.
The IPO involves the issuance of 68.5 million new ordinary shares, or 18.55%, of the enlarged issued share capital of 369.3 million ordinary shares, and an offer for sale of 29.3 million existing shares, or 7.93%.
Of the total new shares, 18.47 million will be made available to the Malaysian public, while 8.5 million will be allocated to eligible directors, employees and other contributors. Another 41.53 million will be placed out to selected investors.
The offer for sale of 29.30 million existing shares will also be undertaken via private placement to selected investors.
Executive director Wong Chong Siong said the underwriting agreement marks a key step in the group’s listing journey.
“Our IPO will provide the necessary financial resources to strengthen our position and enable us to undertake more projects or projects of higher value.
“This strategic move supports our expansion into new commercial segments and regional markets beyond the Klang Valley.”
As at July 28, 2025, Inspace Creation had an unbilled order book of RM21.22mil from its interior fitting-out services.
TA Securities will act as the principal adviser, sponsor, sole placement agent and sole underwriter for the IPO. — Bernama
