ORKIM Bhd has signed a retail underwriting agreement with CIMB Investment Bank, RHB Investment Bank, and Affin Hwang Investment Bank ahead of its initial public offering (IPO) and listing on Bursa Malaysia’s Main Market before year-end.

The IPO comprises 400 million shares – 300 million existing shares and 100 million new shares – with 372 million offered to institutional investors and 28 million to retail investors.

Its ED and CEO Captain Cheah Sin Bi said the signing marks “another important step in Orkim’s transformation journey,” adding that the company remains focused on operational excellence and disciplined growth.

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