ECA Integrated Solutions signs underwriting agreement with UOB Kay Hian for IPO

David Lim Meng Hoe, Managing Director of UOB Kay Hian Securities (M) Sdn Bhd (left), and Ooi Chin Siew, Executive Director cum Chief Executive Officer of ECA Integrated

KUALA LUMPUR: ECA Integrated Solution Bhd has entered into an underwriting agreement with UOB Kay Hian Securities (M) Sdn Bhd (UOBKH) for its forthcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd.

In a statement today, the automated manufacturing solution provider said that the IPO exercise encompassed a public issuance of 150 million new shares, representing 26 per cent of its enlarged share capital, as well as an offer for sale of 48 million existing shares, representing 8.3 per cent of the enlarged shares by way of private placement to selected investors.