3 days ago
IAB signs underwriting deal for IPO
From left: Insights Analytics Bhd executive director Bong Joon Fook, Insights Analytics managing director Frank Wee, M & A Equity Holdings Bhd managing director Datuk Bill Tan and M & A Securities Sdn Bhd head of corporate finance Gary Ting.
PETALING JAYA: Sarawak-based technology solutions provider, Insights Analytics Bhd (IAB), has signed an underwriting agreement with M&A Securities Sdn Bhd for its listing on the ACE Market of Bursa Malaysia.
IAB is principally involved in the supply of water technology solutions for water management across the water utility supply chain from water treatment to distribution, primarily in Sarawak.
In a statement, IAB said its initial public offering (IPO) entails a public issue of 121 million new shares and an offer for sale of 27.5 million existing shares, representing 22% and 5% respectively of IAB's enlarged share capital of 550 million shares upon listing.
IAB is tentatively scheduled to list on the ACE Market of Bursa Malaysia in October 2025. M&A Securities is its adviser, sponsor and underwriter. Trading ideas: Genting Plantaitons, UMediC, NUEnergy, FGV, Agmo, EPB, Asian Pac, Southern Score, AMMB, CelcomDigi, 99 Speed Mart, Ranhill, LPI, MGB
