Latest news with #A1AKK
The Star
3 days ago
- Business
- The Star
A1 AKK inks agreement with AmInvestment Bank
From left: AmBank (M) Bhd head of commercial banking, southern region 1, Ng Pix-Xie; AmInvestment Bank Bhd head of corporate finance Jason Lam Chi-Wye; CEO Christopher Ng Kok Wai; AmBank Group business banking managing director Christopher Yap Huey Wen; A1 AK Koh Group non-independent managing director Koh Ah Kuan; CEO Koh Lian Jie; and chief operating officer Koh Chung Jie. KUALA LUMPUR: ACE Market-bound A1 AK Koh Group Bhd (A1 AKK) has entered into an agreement with AmInvestment Bank Bhd to underwrite 50.4 million shares offered to the Malaysian public and those eligible under pink form allocations. The processed food and beverage company is issuing up to 109.2 million new shares and offering for sale up to 109.2 million existing shares, each representing 13% of the company's enlarged number of 840 million issue shares. There will be 50.4 million public issue shares under the retail offering Of this amount, 42 million shares will be made available to the Malaysian public, while the remaining 8.4 million will be allocated to eligible directors, employees and business associates of the company and its subsidiaries. Separately, the 58.8 million new shares under the public issue will be allocated to institutional and selected investors through a private placement exercise. Of the 109.2 million existing shares offered for sale, 105 million shares will be made available for subscription by identified Bumiputera investors approved by the Investment, Trade and Industry Ministry and the remaining 4.2 million shares for subscription by institutional and selected investors, both by way of private placement. 'The listing represents a strategic move to accelerate the group's expansion plans, broaden its distribution networks and market visibility, and allow it to pursue innovation-driven growth initiatives that align with evolving consumer preferences in the competitive food and beverage landscape,' said A1 AKK non-independent managing director Koh Ah Kuan in a statement. AmInvestment Bank is the appointed principal adviser, sponsor, underwriter and placement agent for A1 AKK's listing on the ACE Market.
The Star
3 days ago
- Business
- The Star
A1 AK Koh signs underwriting agreement with AmInvestment Bank for ACE Market IPO
From left: AmBank (M) Bhd head of commercial banking, southern region 1, Ng Pix-Xie; AmInvestment Bank Bhd head of corporate finance Jason Lam Chi-Wye; CEO Christopher Ng Kok Wai; AmBank Group business banking managing director Christopher Yap Huey Wen; A1 AK Koh Group non-independent managing director Koh Ah Kuan; CEO Koh Lian Jie; and chief operating officer Koh Chung Jie KUALA LUMPUR: ACE Market-bound A1 AK Koh Group Bhd (A1 AKK) has entered into an agreement with AmInvestment Bank Bhd to underwrite 50.4 million shares offered to the Malaysian public and those eligible under pink form allocations. The processed food and beverage company is issuing up to 109.2 million new shares and offering for sale up to 109.2 million existing shares, each representing 13% of the company's enlarged number of 840 million issue shares. There will be 50.4 million public issue shares under the retail offering - of which 42 million will be made available to the Malaysian public while 8.4 million will be allocated to eligible directors, employees and business associates of the company and its subsidiaries. Separately, the 58,800,000 new shares under the public issue will be placed out to institutional and selected investors by way of private placement. Of the 109.2 million existing shares offered for sale, 105 million shares will be made available for subscription by identified Bumiputera investors approved by the Ministry of Investment, Trade and Industry of Malaysia (Miti) and the remaining 4.2 million shares for subscription by institutional and selected investors, both by way of private placement. "The listing represents a strategic move to accelerate the group's expansion plans, broaden its distribution networks and market visibility, and allows it to pursue innovation-driven growth initiatives that align with evolving consumer preferences in the competitive F&B landscape," said A1 AKK non-independent managing director Koh Ah Kuan in a statement. AmInvestment Bank is the appointed principal adviser, sponsor, underwriter and placement agent for A1 AKK's listing on the ACE Market.
