KUALA LUMPUR: ACE Market-bound Alpha IVF Group Bhd has inked an underwriting agreement with AmInvestment Bank Bhd, in conjunction with its upcoming initial public offering (IPO).
The IPO exercise entails a total of 1.46 million ordinary shares in Alpha IVF, comprising 364.5 million new shares and 1.09 million offer-for-sale shares, the fertility care specialist said in a statement.
The total number of shares represents 30 per cent of the enlarged share capital.
Alpha IVF said part of the IPO proceeds will help us execute the company's growth strategy of strengthening its operations in Malaysia, while also expanding our geographical reach to Indonesia, Cambodia or Laos, and China.
"This will lay the foundation for us to becoming a leading assisted reproductive services (ARS) player in the region," it added.