Mercury Securities Group Berhad has entered into an underwriting agreement with Public Investment Bank Berhad for the
Group’s upcoming initial public offering on the ACE Market of Bursa Malaysia Securities Berhad.
The securities company is an investment holding company and through its wholly-owned subsidiary, Mercury Securities Sdn Bhd is principally involved in the provision of stockbroking, corporate finance advisory services and other related businesses such as margin financing facilities services, underwriting and placement services, as well as provision of nominee and
custodian services.
The IPO involves the public issue of 157.10 million new ordinary shares (“Issue Shares”) and an offer for sale of 71.51 million existing ordinary shares (“Offer Shares”) representing 17.59% and 8.01% respectively of Mercury Securities’ enlarged issued shares of 893,000,000 ordinary shares upon its listing.
Managing Director of Mercury Securities, Mr. Chew Sing Guan stated, “Our listing will enhance ourvisibility and reputation in the marketplace, and enable our directors, employees, business partners and public investors to participate in the growth and continued expansion of our business whilst increasing shareholders’ value.”
Chief Executive Officer, Mr. Lee Yo-Hunn of PIVB said, “We are proud to be the Principal Adviser, Sponsor, Sole Underwriter and Sole Placement Agent of Mercury Securities and to play a part in Mercury Securities’ new corporate journey as a listed company on the ACE Market of Bursa Malaysia Securities Berhad. The listing will certainly augurs well for Mercury Securities to tap on the capital market for its growth and expansion plans.”
PIVB will underwrite 66.98 million Issue Shares made available for application by the Malaysian Public and
Eligible Persons.
