KUALA LUMPUR: Orkim Bhd has signed a retail underwriting agreement with three investment banks for its initial public offering (IPO) and proposed listing on Main Market of Bursa Malaysia before the end of this year.

The IPO will involve 400 million shares, comprising an offer for sale of 300 million shares and a public issue of 100 million new shares.

It will also include an institutional offering of 372 million shares, a 37.2 per cent of Orkim’s enlarged share capital.

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