Kuala Lumpur: Malaysian shipowner EA Technique has signed an underwriting agreement with RHB Investment Bank for its proposed IPO on the Main Market of Bursa Malaysia Securities.
RHB Investment Bank is the company’s principal adviser, underwriter and placement agent for the IPO exercise.
In September, the Securities Commission Malaysia approved EA Technique’s proposed IPO which involves the initial public offering of 129m ordinary shares at RM0.25 each, comprising an offer sale of 15m existing shares and a public issue of 114m new shares.
EA Technique is an indirect subsidiary of Kulim through Sindora, and the company currently operates a total fleet of 31 vessels. [20/11/14]