KUALA LUMPUR, Oct 12 — Regional technology solutions provider Infomina Bhd has appointed M&A Securities Sdn Bhd as its principal adviser, sponsor, underwriter and placement agent for its initial public offering (IPO) on Bursa Malaysia’s ACE Market.

Infomina said in a statement today that M&A Securities will underwrite a total of 36.075 million of the new shares made available to the Malaysian public.

Infomina managing director Yee Chee Meng said the listing will allow Infomina to tap into the capital markets as the company moves to the next stage of growth.

"With the additional resources at our disposal, we will strengthen our research and development capabilities and regional presence,” he said.

Infomina’s IPO involves a public issue of 81.17 million new shares and an offer for sale of existing shares of the same amount by way of private placement.

Of the total 81.17 million new shares, 30.06 million shares will be allocated to the Malaysian public, 6.01 million shares to eligible directors and employees of the group and 45.09 shares by way of private placement to Bumiputera investors approved by the International Trade and Industry Ministry (MITI).

Meanwhile, the offer for sale involves 30.06 million shares being placed out by way of private placement to Bumiputera investors approved by MITI while the remaining 51.11 million shares will be offered via private placement to selected investors. — Bernama