EVOCOM BERHAD has entered into an underwriting agreement with NewParadigm Securities Sdn Bhd in conjunction with its proposed Initial Public Offering on the ACE Market of Bursa Malaysia Securities Berhad.
The IPO comprises a public issue of 113,907,000 new ordinary shares and an offer for sale of 22,000,000 existing ordinary shares, of which 22,781,400 Issue Shares will be made available to the Malaysian public via balloting, while 56,953,500 Issue Shares will be made available to Bumiputera investors approved by the Ministry of Investment, Trade and Industry with the remaining 34,172,100 Issue Shares to be placed with selected investors.
Mr. Ian Tan, Chief Executive Officer of Evocom Berhad said ““Our proprietary digital roadmap is central to this next phase of growth. Through continued investment in technology, including AI and data-driven applications, we aim to provide our customers with smarter and more responsive solutions that can address increasingly complex e-commerce supply chain requirements. Ultimately, we aim to deepen our role as a technology-enabled partner to customers across the evolving e-commerce supply chain ecosystem.”
NewParadigm Securities is acting as the Principal Adviser, Sponsor, Sole Underwriter and Sole Placement Agent for the proposed IPO. Barring unforeseen circumstances, Evocom is expected to be listed on the ACE Market of Bursa Securities in the third quarter of 2026.
