RT Pastry inks underwriting deal for ACE Market IPO

From left: Leou Thiam Lai, Independent Non-Executive Chairman of RT Pastry Holdings; Lu Chun-Neng, Executive Director cum Group CEO ; Rohaizad Ismail, CEO of KAF Investment Bank; Ahmad Fazlee Aziz, Head of Corporate Finance.

PETALING JAYA: RT Pastry Holdings Bhd has entered into an underwriting agreement with KAF Investment Bank Bhd (KAF IB) in preparation for its initial public offering (IPO) on the ACE Market of Bursa Malaysia.

In a statement, the bakery group said its IPO exercise involved a public issue of 91.54 million new ordinary shares, which represents approximately 27% of the company’s enlarged issued share capital.