Topmix gears up for ACE Market IPO

KUALA LUMPUR: Total surface decorative products company Topmix Bhd has entered into an underwriting deal with M&A Securities Sdn Bhd ahead of its listing on the ACE Market of Bursa Malaysia. The initial public offering (IPO) involves the public issuance of 82.7 million new ordinary shares, representing 21 per cent of the company’s enlarged share capital. There is also an offer for sale of 19.7 million existing shares, equivalent to five per cent of its enlarged share capital, through private placement to selected investors.