Zantat on track to ACE Market listing

KUALA LUMPUR: Zantat Holdings Bhd has signed an underwriting agreement with M&A Securities Sdn Bhd for its listing on the ACE Market of Bursa Malaysia. The calcium carbonate producer said its initial public offering (IPO) involved a public issue of 56 million new shares, or 20 per cent of the enlarged share capital, as well as an offer for sale of 16.8 million existing shares via private placement to selected investors. The remaining 30.8 million issue shares are reserved for private placement to selected investors.